By The stock market in the Asia-Pacific region witnessed mostly positive movements on Thursday, August 10. Notably, the Hong Kong market saw its second consecutive day of growth.
Hong Kong’s Hang Seng Index Remains Steady
The Hang Seng Index (HK:HSI) in Hong Kong maintained stability at 19,248.26.
Japan’s Nikkei 225 Index Shows Significant Increase
Japan’s Nikkei 225 Index (JP:NIK) experienced a notable rise of 0.8% to reach 32,473.65.
Positive Movements in China and Singapore
China’s Shanghai Composite Index (CN:SHCOMP) also saw a modest increase of 0.3% to reach 3,254.56. Similarly, Singapore stocks gained with The FTSE Straits Times Index (SG:STI) recording a 0.3% growth to reach 3,322.21.
South Korea and Australia Show Mixed Results
While South Korea’s KOSPI Composite Index (KR:180721) experienced a slight decline of 0.1% to reach 2,601.56, Australian stocks performed well with the S&P/ASX 200 Benchmark Index (AU:XJO) gaining 0.3% and reaching 7,357.40.
Significant Increases in Japan’s Nikkei 225 Index Constituents
Within the Nikkei 225 Index constituents, oil and gas exploration company Inpex Corp. (JP:1605) emerged as the highest gainer on Thursday, with shares surging by an impressive 16.6%. Additionally, shares of glass/glass products firm Nippon Sheet Glass (JP:5202) and games software company NEXON (JP:3659) experienced significant increases of 15.6% and 10.3% respectively.
Major Decline in Japan’s Market
On a contrasting note, medical equipment/supplies company Olympus (JP:7733) saw the largest decline on Thursday, as shares tumbled by 12.0%. Shares of non-ferrous metals firm Mitsubishi Materials (JP:5711) and online service providers company DeNA (JP:2432) also dipped by 9.1% and 8.6% respectively.
Notable Gains in Hong Kong’s Hang Seng Index Constituents
Within the Hang Seng Index constituents, mobile telecommunications company China Unicom (Hong Kong) (HK:762) witnessed the largest increase on Thursday, with shares adding 3.3%. Shares of life insurance firm AIA Group (HK:1299) and travel agencies company Trip.com Group (HK:9961) also showed positive growth, adding 2.9% and 2.7% respectively.
Major Decline in Hong Kong’s Market
Unfortunately, portable power tools company Techtronic Industries (HK:669) faced the largest decline in Hong Kong, as shares plunged drastically by 17.0% on Thursday. Shares of real estate services/transactions firm Country Garden Holdings (HK:2007) and property managers company Country Garden Svcs (HK:6098) also experienced declines of 6.3% and 4.3% respectively.
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