News

Mixed Performance in Asia-Pacific Stock Markets

1 Mins read

Asia-Pacific stocks demonstrated mixed performance on Friday, July 14. While the Hong Kong market climbed for the fifth consecutive session, Japanese stocks saw a slight decline.

Hong Kong Market

The Hang Seng Index (HSI) of Hong Kong companies recorded a 0.3% increase, reaching 19,413.78. Among the constituents of the index, China Unicom (Hong Kong) experienced the largest gain, with its shares rising by 5.3%. Marine transport firm Orient Overseas Intl and aluminum company China Hongqiao Group also saw significant increases of 2.8% and 2.7% respectively.

On the other hand, pharmaceuticals company Hansoh Pharmaceutical witnessed the largest drop in Hong Kong, with its shares weakening by 3.8%.

Japanese Market

The Nikkei 225 Index of Japanese companies went down by 0.1%, ending at 32,391.26. Advantest Corp, a semiconductors company, stood out as the leading gainer with a 5.7% increase in its shares. Marine freight firm Kawasaki Kisen Kaisha and cinema film production company Toho Co Ltd also experienced notable gains of 3.9% and 3.2% respectively.

Conversely, Seven & I Holdings, a mixed retailing company, suffered the largest decline with shares dropping by 5.1%.

Other Markets

China’s Shanghai Composite Index remained flat at 3,237.70, while Singapore stocks displayed a positive trend with The FTSE Straits Times Index increasing by 0.3% to reach 3,248.93.

In South Korea, the KOSPI Composite Index recorded a gain of 1.4% to reach 2,628.30, indicating a positive performance for South Korean stocks.

Australia’s S&P/ASX 200 Benchmark Index also experienced a rise of 0.8% to reach 7,303.10.

Conclusion

Asia-Pacific stock markets displayed mixed results, with the Hong Kong market continuing its upward climb, while Japanese stocks experienced a slight decline. Investors closely monitored the performances of major companies within these markets.

Related posts
News

California Governor Vetoes Bill Requiring Human Drivers in Self-Driving Trucks

2 Mins read
Sacramento, Calif. – California Governor Gavin Newsom has vetoed a bill that would have mandated the presence of human drivers in self-driving…
News

Your Social Security Checks are Safe

2 Mins read
Don’t worry, the impending federal government shutdown will not put your monthly Social Security checks in jeopardy. This is certainly a relief…
News

European Stocks Experience Decrease

1 Mins read
The European stock market saw a decline on Friday, with the Stoxx Europe 600 index finishing down 0.31% at 453.26. Individual Index…

Leave a Reply

Your email address will not be published. Required fields are marked *