Asia-Pacific stocks experienced a decline on Friday, August 11. Here is the breakdown of the market movements:
Hong Kong’s Hang Seng Index (HSI) declined by 0.9% to reach a value of 19,075.19.
The Tokyo Stock Exchange was closed on this day.
The Shanghai Composite Index (SHCOMP) of Chinese companies weakened by 2.0% to reach a value of 3,189.25.
The FTSE Straits Times Index (STI) of Singapore stocks dropped by 1.0% to reach a value of 3,288.84.
The KOSPI Composite Index of South Korean stocks fell by 0.4% to reach a value of 2,591.26.
Australia’s S&P/ASX 200 Benchmark Index weakened by 0.2% to reach a value of 7,340.10.
Among the constituents of the Hang Seng Index, Techtronic Industries saw the largest increase as shares added 4.0% on Friday.
China Mobile and Henderson Land Devt, two prominent mobile telecommunications and real estate services/transactions companies, saw their shares rise by 2.1% and 2.0%, respectively.
In Hong Kong, Country Garden Holdings, a real estate services/transactions company, faced the largest decline as its shares weakened by 5.8% on Friday.
Furthermore, Alibaba Hlth Info Tech and Xinyi Solar Holdings, firms specializing in pharmacies/drug stores and renewable energy equipment respectively, witnessed their shares fall by 5.5% and 4.5%.