News

Asia-Pacific Stocks Mostly Fall

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Asia-Pacific stocks experienced a mixed day on Wednesday, January 10th. In Hong Kong, shares declined for the seventh consecutive day, while the Japanese market continued to show positive gains for the third day in a row.

Hong Kong

Hong Kong stocks dropped, with the Hang Seng Index down 0.6% at 16,097.28.

Of the Hang Seng Index constituents, full-service restaurant company Haidilao Intl Hldg saw the largest increase on Wednesday, as shares soared by 8.4%. On the other hand, shares of food products company Tingyi Cayman Islands saw the largest decline in Hong Kong, with shares falling by 4.4%.

Japan

The Japanese market saw a significant increase, with the Nikkei 225 Index rising by 2.0% to 34,441.72.

Among the Nikkei 225 Index constituents, electrical components/equipment company Kyocera experienced the largest increase on Wednesday, with shares rising by 6.1%. Shares of medical equipment/supplies firm Olympus and pharmaceuticals company Daiichi Sankyo also saw notable gains, increasing by 5.7% and 5.2% respectively. However, computer/consumer electronics company Fujitsu saw a decline in shares, weakening by 1.9%. Similarly, shares of e-commerce firm Rakuten Group and semiconductors company SCREEN Holdings decreased by 1.8% and 1.4% respectively.

Other Regions

The Shanghai Composite Index of Chinese companies dropped by 0.5% to 2,877.70, while the FTSE Straits Times Index of Singapore stocks weakened by 0.6% to 3,179.15. The KOSPI Composite Index of South Korean stocks fell by 0.8% to 2,541.98, and Australia’s S&P/ASX 200 Benchmark Index dropped by 0.7% to 7,468.50.

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