Asia-Pacific Stocks Experience Declines

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The Asia-Pacific region saw a decline in stocks on Monday, October 2, with the Japanese market experiencing its third consecutive day of decreases.

Japan’s Nikkei 225 Index

Japan’s Nikkei 225 Index (NIK, -0.31%) dropped by 0.3% to reach 31,759.88. However, the Hong Kong Stock Exchange was closed during this time.

Singapore’s FTSE Straits Times Index

Singapore’s FTSE Straits Times Index (STI, -0.19%) weakened by 0.2% and reached 3,211.40. Similarly, China’s Shanghai Stock Exchange was also closed.

Australia’s S&P/ASX 200 Benchmark Index

The S&P/ASX 200 Benchmark Index (XJO, -0.22%) in Australia experienced a decrease of 0.2% and stood at 7,033.20. Notably, the Korea Exchange in South Korea was closed as well.

Stock Movements in Japan

Within the Nikkei 225 Index constituents, semiconductors company SCREEN Holdings (7735, +3.17%) witnessed significant growth on Monday, with shares gaining 3.2%.

Advantest Corp (6857, +2.87%), a semiconductor firm, and Japan Post Holdings (6178, +2.80%), a postal service company, also saw an increase of 2.9% and 2.8%, respectively.

On the other hand, e-commerce company Rakuten Group (4755, -5.48%) experienced the largest drop on Monday, with shares weakening by 5.5%.

Shares of steel production firm Pacific Metals (5541, -3.57%) and pharmaceuticals company Sumitomo Pharma (4506, -3.51%) also dropped, with declines of 3.6% and 3.5%, respectively.

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