By Asia-Pacific stocks continued to show growth on Tuesday, July 11, with Hong Kong leading the way for the second consecutive session.
Hong Kong Stocks Perform Well
Hong Kong stocks saw significant gains, with the Hang Seng Index (HSI) up 1.0% at 18,659.83. Meanwhile, the Nikkei 225 Index of Japanese companies remained flat at 32,203.57.
Positive Performances in China, Singapore, South Korea, and Australia
Chinese companies also experienced growth, with the Shanghai Composite Index gaining 0.6% to reach 3,221.37. Similarly, the FTSE Straits Times Index in Singapore rose 0.3% to 3,158.33. South Korean stocks had a good day, with the KOSPI Composite Index adding 1.7% to reach 2,562.49. Australian stocks also fared well, with the S&P/ASX 200 Benchmark Index gaining 1.5% and reaching 7,108.90.
Notable Gains and Losses in Hong Kong Stocks
Within the Hang Seng Index constituents, Galaxy Entertainment Group saw a significant increase on Tuesday, with shares gaining 4.3%. Portable power tools firm Techtronic Industries and travel agencies company Trip.com Group also performed well, adding 4.1% and 3.7% respectively.
On the other hand, shares of Lenovo Group, a computers and consumer electronics company, saw the largest decline in Hong Kong, falling by 4.5%. Meat processing firm WH Group and renewable energy equipment company Xinyi Solar Holdings also experienced losses, declining by 1.7% and 1.5% respectively.
Mixed Performances in Nikkei 225 Index
In the Nikkei 225 Index constituents, semiconductors company Sumco had the largest increase on Tuesday, with shares gaining 4.8%. Semiconductors firm Advantest Corp and passenger cars company Mitsubishi Motors also performed well, gaining 4.3% and 3.4% respectively.
However, pharmaceuticals company Eisai Co Ltd saw the largest drop, with shares declining by 4.3%. Steel production firm Kobe Steel and basic inorganic chemicals company Tokai Carbon also experienced losses, dropping by 3.7% and 3.6% respectively.
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