By The Asia-Pacific stock market experienced another drop on Tuesday, September 26. Hong Kong’s Hang Seng Index (HK:HSI) saw a decline of 1.5% to 17,466.90, while Japan’s Nikkei 225 Index (JP:NIK) fell by 1.1% to 32,315.05.
Other major indices also experienced declines. China’s Shanghai Composite Index (CN:SHCOMP) fell by 0.4% to 3,102.27, and Singapore’s FTSE Straits Times Index (SG:STI) remained flat at 3,215.14. South Korea’s KOSPI Composite Index (KR:180721) declined by 1.3% to 2,462.97, and Australia’s S&P/ASX 200 Benchmark Index (AU:XJO) fell by 0.5% to 7,038.20.
In Hong Kong, Xinyi Glass Holdings (HK:868), a glass and glass products company, experienced the largest drop, with shares weakening by 6.2% on Tuesday. Optical instruments firm Sunny Optical Technology (HK:2382) and sporting goods retailing company Li Ning (HK:2331) also saw significant drops of 5.6% and 5.2%, respectively.
On the positive side, pharmaceuticals company Hansoh Pharmaceutical (HK:3692) saw a notable increase with shares adding 3.0%. Jewelry retailing firm Chow Tai Fook Jewellery (HK:1929) and gas utilities company ENN Energy Holdings (HK:2688) also experienced gains of 2.9% and 2.6%, respectively.
Among the constituents of Japan’s Nikkei 225 Index, pharmaceuticals company Eisai Co Ltd (JP:4523) experienced the largest decrease on Tuesday, with shares falling by 5.2%. Pharmaceuticals firm Daiichi Sankyo (JP:4568) and semiconductors company SCREEN Holdings (JP:7735) also weakened, with drops of 4.3% and 3.8%, respectively.
However, there were also positive movements in the Japanese market. Life insurance company T&D Holdings (JP:8795) saw an increase of 3.6% in their shares. Securities/commodity exchange activities firm Japan Exchange Group (JP:8697) and central banking company Fukuoka Financial Group (JP:8354) also performed well, with gains of 2.4% and 2.3%, respectively.
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