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Asia-Pacific Stocks Fall


Stocks in the Asia-Pacific region experienced a decline on Wednesday, Aug. 2, with the Hong Kong market seeing its second consecutive session of losses.

Hong Kong Market

Hong Kong’s Hang Seng Index (HSI) weakened by 2.5% to 19,517.38.

Japanese Companies

The Nikkei 225 Index of Japanese companies dropped 2.3% to 32,707.69.

Other Declines

China’s Shanghai Composite Index declined by 0.9% to 3,261.69, while the FTSE Straits Times Index of Singapore stocks declined by 1.7% to 3,316.64. South Korea’s KOSPI Composite Index also experienced a decline of 1.9% to 2,616.47, and Australia’s S&P/ASX 200 Benchmark Index weakened by 1.3% to 7,354.60.

Hang Seng Index Constituents

Among the Hang Seng Index constituents, pharmaceuticals company Hansoh Pharmaceutical saw the largest decrease in Hong Kong, with shares weakening by 6.8% on Wednesday.

Shares of pharmaceuticals firm Sino Biopharmaceutical and motor vehicle dealing company Zhongsheng Group Holdings also weakened by 5.1% and 5.0%, respectively.

On the other hand, shares of property managers company Country Garden Svcs saw the largest increase in Hong Kong, jumping by 18.0%.

Shares of portable power tools firm Techtronic Industries and marine transport company Orient Overseas Intl also experienced increases of 3.0% and 0.4%, respectively.

Nikkei 225 Index Constituents

Among the Nikkei 225 Index constituents, investment banking company Nomura Holdings saw the largest decline on Wednesday, with shares dropping by 8.5%.

Shares of electronic office equipment firm Konica Minolta and non-life insurance company Tokio Marine Holdings also weakened by 8.3% and 5.8%, respectively.

On the other hand, wires/cables company Fujikura Ltd saw the largest increase on Wednesday, with shares adding 2.5%.

Shares of passenger cars firm Toyota Motor and electrical components/equipment company Fuji Electric also experienced increases of 2.3% and 2.0%, respectively.

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