By Friday, Oct. 27 – Stocks in the Asia-Pacific region showed mostly positive movement, with several key indices posting gains. Here is a breakdown of the latest market trends:
Hang Seng Index (HSI)
Hong Kong’s Hang Seng Index (HSI) experienced a notable increase, climbing by 2.1% to reach 17,398.73.
Among the constituents of the Hang Seng Index, pharmaceuticals company Hansoh Pharmaceutical (3692) saw the largest surge on Friday, with shares jumping by an impressive 11.7%. Similarly, shares of pharmaceuticals firm CSPC Pharmaceutical Group (1093) and pharmaceuticals company Sino Biopharmaceutical (1177) gained 10.8% and 9.8% respectively.
However, shares of life insurance company China Life Insurance (2628) experienced a marginal decline of 0.7%.
Nikkei 225 Index
Japan’s Nikkei 225 Index (NIK) also demonstrated positive movement, rising by 1.3% to reach 30,991.69.
Leading the way among the Nikkei 225 Index constituents was computers/consumer electronics company Fujitsu (6702), which saw a significant increase of 12.0% in its shares. Additionally, shares of marine freight firm Kawasaki Kisen Kaisha (9107) and petrochemicals company Mitsui Chemicals (4183) both rose by 4.1%.
However, it was not all gains for Japanese stocks, as pharmaceuticals company Takeda Pharmaceutical (4502) experienced the largest decline on Friday, with shares falling by 6.4%. Similarly, shares of electronic office equipment firm Canon (7751) and construction machinery company Hitachi Construction Mach (6305) dropped by 4.7% and 4.5% respectively.
Shanghai Composite Index
Chinese companies listed on the Shanghai Composite Index (SHCOMP) also experienced gains, with the index adding 1.0% to reach 3,017.78.
Other Indices
While Singapore’s FTSE Straits Times Index (STI) declined slightly by 0.3%, falling to 3,062.44, South Korea’s KOSPI Composite Index (180721) rose by 0.2% to reach 2,302.81. Similarly, Australia’s S&P/ASX 200 Benchmark Index (XJO) experienced a gain of 0.2%, climbing to 6,826.90.
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