© Reuters.
Today, the majority of Asia-Pacific stock markets experienced a downturn, with key indices in Japan, Hong Kong, Singapore, South Korea, and Australia recording losses. However, China’s bucked the trend and posted gains.
Japan’s and South Korea’s Composite Index led the decline with losses of 2.1% and 2.7% respectively. Hong Kong’s slipped by 0.2%, while Singapore’s Straits Times Index and Australia’s Benchmark Index fell by 0.3% and 0.6% respectively.
In terms of individual company movements, Japan saw significant decreases in shares of Advantest Corp, SCREEN Holdings, and Tokyo Electron, which fell by 6.9%, 5.6%, and 5% respectively. However, Kansai Electric Power managed to post a gain of 1.6%.
In Hong Kong, sportswear companies Li Ning and Anta Sports Products recorded substantial losses of 20.7% and 5.3%. Conversely, China Resources Power and WH Group (OTC:) saw their shares increase by 4.1% and 3.7%. MTR Corporation experienced a decrease with shares dropping by 4.4%, while Hengan International added 3.2%.
Despite the general downturn in the region, China’s Shanghai Composite Index managed to rise by 0.5%. Additionally, Chubu Electric Power and Tokyo Electric Power in Japan also saw gains of 1.4% and 1.2% respectively.
Overall, today’s trading session witnessed mixed results across the Asia-Pacific region with several markets experiencing losses while a few managed to record gains.
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