Asia-Pacific stocks experienced a mixed start to the week on Monday, June 26. The Hong Kong market saw its fifth consecutive day of losses, while shares in Japan continued to decrease for the third day in a row. Conversely, South Korea’s KOSPI Composite Index experienced a boost of 0.5%, and Singapore’s FTSE Straits Times Index remained flat. Similarly, Australia’s S&P/ASX 200 Benchmark Index weakened slightly at 0.3% to close at 7,078.70.
Hong Kong market constituents experienced mixed results, with Longfor Group Holdings seeing the largest drop of 3.8% on Monday. Conversely, China Resources Power saw the largest increase of 5.9%. Other notable decreases included those of JD.com, which experienced a dip of 2.9%, and Trip.com Group, whose shares weakened by 2.8%.
Market Update: Hansoh Pharmaceutical and Xiaomi Shares Increase
Pharmaceuticals firm Hansoh Pharmaceutical (3692) and cell/mobile phones company Xiaomi (1810) saw a 5.1% and 4.3% increase in shares, respectively, according to the Nikkei 225 Index.
However, electric power generation company Tokyo Electric Power (9501) saw the largest decline on Monday, with a 4.6% drop in shares.
E-commerce firm Rakuten Group (4755) and multiutilities company Kansai Electric Power (9503) also saw a decrease of 2.5% and 2.3%, respectively.
In Japan, marine freight company Kawasaki Kisen Kaisha (9107) experienced the largest increase on Monday with a 4.2% gain in shares. Additionally, photographic equipment firm Nikon Corp. (7731) and semiconductors company Sumco (3436) increased by 3.6% and 3.5%, respectively.