Stock markets in the Asia-Pacific region showed a mixed performance on Thursday, July 20. Hong Kong’s market, in particular, faced its third consecutive day of decline.
Hong Kong Stocks and Japanese Companies
Hong Kong stocks experienced a drop, with the Hang Seng Index (HSI) falling by 0.1% to 18,928.02. Meanwhile, the Nikkei 225 Index of Japanese companies witnessed a 1.2% decrease, settling at 32,490.52.
Other Market Movements
China’s Shanghai Composite Index fell by 0.9% to 3,169.52, whereas Singapore’s FTSE Straits Times Index declined by 0.1% to 3,271.56. South Korean stocks, represented by the KOSPI Composite Index, also saw a decrease of 0.3% to 2,600.23. At the same time, Australian stocks remained flat as the S&P/ASX 200 Benchmark Index maintained its position at 7,325.00.
Within the Nikkei 225 Index, Hoya Corp experienced the most significant decline with a drop of 4.2%. Similarly, Advantest Corp and M3, both constituents of the index, witnessed decreases of 4.2% and 3.8%, respectively.
On the other hand, Taisei, a construction company, observed the largest increase with shares rising by 2.3%. Subaru, a passenger car firm, and JFE Holdings, a ferrous metals company, also performed well with gains of 2.0% and 1.8%, respectively.
Among the constituents of the Hang Seng Index, Sunny Optical Technology faced the most substantial decline as shares plunged by 13.7%. Renewable energy generation firm China Resources Power and gambling industries company Sands China experienced declines of 2.1% and 1.8%, respectively.
Conversely, property managers company Country Garden Svcs recorded the largest increase in Hong Kong, with shares rising by 3.7%. Additionally, real estate services/transactions firm Country Garden Holdings and motor vehicle dealing company Zhongsheng Group Holdings saw gains of 3.5% and 3.3%, respectively.