Asia-Pacific Stocks Show Mixed Performance

Hong Kong and Japanese Markets Contrast

Hong Kong’s Hang Seng Index (HK:HSI) experienced a slight decline of 0.8%, ending the day at 16,201.49, marking its third consecutive session of losses. On the other hand, the Nikkei 225 Index (JP:NIK) saw a notable gain of 1.5%, closing at 32,791.80.

China and Singapore Markets Reflect Divergent Trends

China’s Shanghai Composite Index (CN:SHCOMP) displayed a positive performance, rising by 0.7% and reaching a value of 2,991.44. However, The FTSE Straits Times Index (SG:STI) in Singapore showed a decline of 0.8% as it settled at 3,084.42.

South Korea and Australia Showcase Modest Growth

South Korea’s KOSPI Composite Index (KR:180721) experienced a slight increase of 0.3%, finishing at 2,525.36. Meanwhile, the S&P/ASX 200 Benchmark Index (AU:XJO) in Australia saw a modest gain of 0.1%, closing the day at 7,199.00.

Notable Market Movements

Within the Hang Seng Index constituents in Hong Kong, Lenovo Group (HK:992), a company focused on computers and consumer electronics, stood out with a 3.1% increase in share value. Henderson Land Devt (HK:12), specializing in real estate services/transactions, and Sinopharm Group (HK:1099), operating in the pharmaceutical sector, saw gains of 1.6% each.

However, Li Ning (HK:2331), a sporting goods retailing company, faced a significant decline as shares plummeted by 14.3% on Monday. E-tailing firm JD.com (HK:9618) and e-commerce company Meituan (HK:3690) also experienced notable decreases of 6.3% and 3.6% respectively.

Among the constituents of the Nikkei 225 Index in Japan, Tokyo Electric Power (JP:9501), engaged in electric power generation, exhibited impressive growth with shares surging by 14.6%. Chubu Electric Power (JP:9502), responsible for electric power distribution, and Nissui (JP:1332), an aquaculture company, experienced gains of 5.5% and 5.3%, respectively.

Conversely, NEXON (JP:3659), a games software company, faced a notable decline as shares dropped by 5.5% in Japan. Additionally, Renesas Electronics (JP:6723), a semiconductor firm, and Mitsui Mining & Smelting (JP:5706), specializing in non-ferrous metals, saw decreases of 1.7% and 1.6%, respectively.