Asia-Pacific Stocks Update – July 24

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Hong Kong Hang Seng Index Weakens, Japan’s Nikkei 225 on the Rise

Hong Kong’s Hang Seng Index (HSI) experienced a decline of 2.1%, settling at 18,668.15. However, Japan’s Nikkei 225 Index (NIK) saw a positive increase of 1.2%, reaching 32,700.94.

Mixed Results for China and Singapore Stocks

China’s Shanghai Composite Index (SHCOMP) dipped slightly by 0.1%, closing at 3,164.16. Similarly, Singapore’s FTSE Straits Times Index (STI) observed a decrease of 0.6%, ending at 3,258.64. Conversely, South Korean stocks showed promise as the KOSPI Composite Index experienced a gain of 0.7%, peaking at 2,628.53. Meanwhile, Australia’s S&P/ASX 200 Benchmark Index weakened slightly by 0.1% to close at 7,306.40.

Notable Moves Among Hang Seng Index Constituents

Hansoh Pharmaceutical (3692) emerged as the top performer within the Hang Seng Index constituents, with shares experiencing a 1.3% increase. Renewable energy generation firm China Resources Power (836) and brewing company Budweiser Brewing APAC (1876) also saw gains of 1.3% and 0.5% respectively. On the other hand, property management firm Country Garden Svcs (6098) faced a significant decline as shares plummeted by 17.8%.

Nikkei 225 Index Highlights

Among the Nikkei 225 Index companies, passenger car manufacturer Mitsubishi Motors (7211) showcased impressive growth with shares rising by 5.0%. Similarly, construction machinery firm Hitachi Construction Mach (6305) and steel production company Kobe Steel (5406) experienced gains of 4.2% and 3.8% respectively. However, integrated banks company Mitsubishi UFJ Finl (8306) faced a drop of 2.0% in share prices.

Declines Among Nikkei 225 Index Constituents

Shares of banking firm Resona Holdings (8308) and non-life insurance company Sompo Holdings (8630) weakened by 1.8% and 1.6% respectively.

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