Stocks in the Asia-Pacific Region Experience Mixed Results
In the Asia-Pacific region on Tuesday, August 8, stock markets displayed a varied performance. While the Japanese market witnessed its third consecutive day of gains, shares in Hong Kong declined for the second session.
Hong Kong – Hang Seng Index (HSI)
The Hang Seng Index (HK:HSI) in Hong Kong dropped by 1.8% to reach 19,184.17.
Among the constituents of the Hang Seng Index, China Hongqiao Group (HK:1378), an aluminum company, experienced the largest increase with shares rising by 3.8%. On the other hand, real estate services/transactions company Country Garden Holdings (HK:2007) suffered the largest drop, as shares plunged by 14.4%.
Other notable changes in Hong Kong’s stock market include integrated oil/gas firm PetroChina (HK:857) and marine transport company Orient Overseas Intl (HK:316), both seeing gains of 1.6% and 1.4% respectively. Property managers firm Country Garden Svcs (HK:6098) and motor vehicle dealing company Zhongsheng Group Holdings (HK:881) witnessed declines of 9.7% and 5.8% respectively.
Japan – Nikkei 225 Index (JP:NIK)
The Nikkei 225 Index (JP:NIK) in Japan increased by 0.4% to reach 32,377.29.
Meiji Holdings (JP:2269), a dairy products company, saw the largest increase among Nikkei 225 Index constituents with shares surging by 10.4%. Conversely, personal electronics company Sharp Corp. (JP:6753) experienced the largest drop, with shares declining by 5.2%.
Other notable changes in Japan’s stock market include transmission line construction firm Comsys Holdings (JP:1721) and marine freight company Kawasaki Kisen Kaisha (JP:9107) witnessing gains of 9.0% and 5.8% respectively. Additionally, semiconductors firm Advantest Corp (JP:6857) and online service providers company Z Holdings (JP:4689) experienced declines of 4.2% and 4.1% respectively.
The Shanghai Composite Index (CN:SHCOMP) declined by 0.3% to reach 3,260.62.
The FTSE Straits Times Index (SG:STI) of Singapore stocks rose by 0.1% to reach 3,311.58.
The KOSPI Composite Index (KR:180721) of South Korean stocks fell by 0.3% to reach 2,573.98.
The S&P/ASX 200 Benchmark Index (AU:XJO) of Australian stocks remained flat at 7,311.10.