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Stocks in the Asia-Pacific Region Experience Mixed Results

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The stock market in the Asia-Pacific region had a mixed performance on Tuesday, January 30. While Japanese shares recorded a second consecutive climb, Hong Kong and Chinese stocks faced declines.

Japanese Shares Rise, Hong Kong and Chinese Stocks Drop

The Nikkei 225 Index of Japanese companies saw a slight increase of 0.1%, reaching 36,065.86. On the other hand, the Hang Seng Index of Hong Kong companies experienced a decline of 2.3%, closing at 15,703.45. Similarly, the Shanghai Composite Index, which represents Chinese companies, dropped by 1.8%, closing at 2,830.53.

Singapore and Australia Show Some Gains

In Singapore, the FTSE Straits Times Index gained 0.2% to reach 3,148.09. In Australia, the S&P/ASX 200 Benchmark Index added 0.3% and closed at 7,600.20.

Notable Movements in Individual Stocks

Hansoh Pharmaceutical, a pharmaceuticals company listed on the Hang Seng Index, experienced the largest increase of 1.2% in share value.

Link Real Estate Inv Tr, a retail reits firm, and China Unicom (Hong Kong), a mobile telecommunications company, saw their shares rise by 0.9% and 0.6%, respectively.

In contrast, the shares of real estate services/transactions company Hang Lung Properties experienced the largest decrease in Hong Kong, with a drop of 8.4%.

Shenzhou Intl Group, a clothing firm, and Semicon Mfg Intl, a semiconductors company, both faced declines of 7.2% and 6.4%, respectively.

Among the constituents of the Nikkei 225 Index, Trend Micro, a security/privacy software company, saw the largest increase of 3.6% in share value.

Nitto Denko, a basic organic chemicals firm, and Shin-Etsu Chemical, a synthetic resins/polymers company, experienced increases of 3.5% and 3.0%, respectively.

On the other hand, Sumitomo Pharma, a pharmaceuticals company, saw the largest decline of 3.9% in share value.

Isuzu Motors, a trucks/lorries/vans firm, and Fanuc Corp, an industrial electrical equipment company, faced declines of 3.3% and 2.5%, respectively.

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