By The Asia-Pacific stock markets exhibited a mixed trend on Thursday, August 17th, with some countries experiencing declines while others saw gains.
Japan and Hong Kong Markets
In Japan, the Nikkei 225 Index (NIK) saw a decline of 0.4%, settling at 31,626.00. Among the index constituents, Rakuten Group (4755), an e-commerce company, experienced the largest drop, with shares declining by 4.4%. Similarly, digital marketing services firm CyberAgent (4751) and optical instruments company Hoya Corp (7741) witnessed a decline of 3.9% and 3.6% respectively. On the other hand, commercial banking company Chiba Bank (8331) observed the largest increase in shares as it gained 3.7%. Additionally, wires/cables firm Fujikura Ltd (5803) and passenger cars company Subaru (7270) saw growth of 2.7% and 2.2% respectively.
Meanwhile, in Hong Kong, the Hang Seng Index (HSI) remained relatively flat at 18,326.63. Real estate services/transactions company Country Garden Holdings (2007) experienced the largest decrease, with shares dropping by 7.2%. Pharmacy/drug store firms Alibaba Hlth Info Tech (241) and JD Health International (6618) also witnessed declines of 7.1% and 6.4% respectively. Conversely, alcoholic beverages/drinks company China Resources Beer Holdings (291) saw a significant increase of 4.3% in share prices. Sporting goods retailing firm Li Ning (2331) and brewing company Budweiser Brewing APAC (1876) also noted growth, with gains of 3.4% and 2.5% respectively.
Other Countries in the Region
In China, the Shanghai Composite Index (SHCOMP) increased by 0.4% to reach 3,163.74. Singapore’s FTSE Straits Times Index (STI) weakened by 0.4%, settling at 3,199.17. South Korean stocks, represented by the KOSPI Composite Index (180721), also experienced a decline of 0.2%, with the index reaching 2,519.85. Additionally, Australia’s S&P/ASX 200 Benchmark Index (XJO) witnessed a 0.7% decrease, settling at 7,146.00.
Comments