Asia-Pacific Stocks Experience Declines

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Most Asia-Pacific stocks saw a drop in value on Wednesday, Aug. 16. Hong Kong’s Hang Seng Index fell to 18,329.30, marking its fourth consecutive session of decline. Japan’s Nikkei 225 Index also experienced a decline, dropping to 31,766.82.

China’s Shanghai Composite Index fell to 3,150.13, while Singapore’s FTSE Straits Times Index dropped to 3,206.60. South Korea’s KOSPI Composite Index declined to 2,525.64 and Australia’s S&P/ASX 200 Benchmark Index decreased to 7,195.20.

Significant Drops and Rises in Stock Value

Among the constituents of the Nikkei 225 Index, glass/glass products company Nippon Sheet Glass had the largest drop on Wednesday, with shares weakening by 6.0%. Similarly, shares of personal electronics firm Sharp Corp. and industrial building construction company JGC Holdings declined by 4.4% and 4.3% respectively.

Conversely, electric power distribution company Chubu Electric Power witnessed the biggest increase on Wednesday, with shares rising by 2.2%. Additionally, shares of construction firm Kajima and food products company Nisshin Seifun Group increased by 1.8% and 1.7% respectively.

Within the constituents of the Hang Seng Index, marine transport company Orient Overseas Intl experienced the largest decline in Hong Kong. Shares of the company declined by 4.7% on Wednesday. Shares of sporting goods retailing firm Li Ning and gas utilities company Hong Kong & China Gas also saw a decline, falling by 4.0% and 3.4% respectively.

On the other hand, building construction company Longfor Group Holdings witnessed the largest increase in Hong Kong, with shares rising by 3.7%. Motor vehicle dealing firm Zhongsheng Group Holdings and property managers company Country Garden Svcs also experienced a rise in shares, increasing by 3.2% respectively.

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