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Asia-Pacific Stocks Mixed


On June 27, stocks in the Asia-Pacific region showed mixed results as some markets increased while others decreased. The Japanese market experienced its fourth consecutive day of decreases with Japan’s Nikkei 225 Index NIK, -0.49% dropping 0.5% to 32,538.33.

However, other markets climbed with Hong Kong’s Hang Seng Index HSI, +1.88% rising 1.9% to 19,148.13 and China’s Shanghai Composite Index SHCOMP, +1.23% rising 1.2% to 3,189.44. Singapore’s FTSE Straits Times Index STI, +0.55% also increased by 0.6% to 3,207.36, while South Korean stocks remained flat with the KOSPI Composite Index 180721, -0.03% staying at 2,581.39.

Several companies in the Hang Seng Index saw significant movement with property managers company Country Garden Svcs 6098, +11.26% experiencing the largest increase with shares jumping by 11.3%. Shares of building construction firm Longfor Group Holdings 960, +8.17% and optical instruments company Sunny Optical Technology 2382, +7.49% also rose significantly with increases of 8.2% and 7.5%, respectively.

In contrast, shares of renewable energy generation company China Resources Power 836, -1.16% experienced the largest decline in Hong Kong with shares weakening by 1.2% in Tuesday’s market.

Market Update: China Unicom and BYD Co Ltd Shares Drop

Shares of China Unicom (Hong Kong) and BYD Co Ltd dropped by 1.0% and 0.8%, respectively, in the mobile telecommunications and passenger cars sectors. On the other hand, marine freight company Kawasaki Kisen Kaisha saw a significant increase of 11.5%, the largest surge among constituents of the Nikkei 225 Index. Additionally, shares of Oriental Land and Nippon Yusen in the amusement/theme parks and marine transport industries rose by 3.8% and 3.7%, respectively.

However, digital marketing company CyberAgent experienced the biggest decrease on Tuesday, with shares falling by 4.1%. Meanwhile, Sumitomo Pharma and Z Holdings, both in the pharmaceuticals and online service providers industries, saw a decline in shares by 3.4% and 2.7%, respectively.

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