Stocks Rise in Asia-Pacific Region

1 Mins read

On Wednesday, Oct. 25, stocks in the Asia-Pacific region experienced mostly positive gains, with Japanese shares climbing for the second consecutive day.

Hong Kong and Japan

The Hang Seng Index (HSI) of Hong Kong companies increased by 0.6% to reach 17,085.33, while Japan’s Nikkei 225 Index gained 0.7% to close at 31,269.92.

China and Singapore

China’s Shanghai Composite Index gained 0.4% to reach 2,974.11, while The FTSE Straits Times Index of Singapore stocks declined slightly by 0.1% to 3,080.38.

South Korea and Australia

The KOSPI Composite Index of South Korean stocks dropped 0.9% to reach 2,363.17, and the S&P/ASX 200 Benchmark Index of Australian stocks remained flat at 6,854.30.

Notable Gainers in Japan

Among the constituents of the Nikkei 225 Index, diversified holding company IHI Corp saw the largest increase on Wednesday, with shares rising by 4.6%.

Shares of semiconductors firm SCREEN Holdings and diversified holding company Kawasaki Heavy Industries also experienced gains, with increases of 3.4% and 2.9% respectively.

Notable Losers in Japan

On the other hand, electrical components/equipment company Nidec saw the largest decrease on Wednesday, with shares falling by 2.8%.

Shares of passenger cars firm Mitsubishi Motors and database/directory publishing company M3 also experienced losses, with decreases of 2.1% and 1.6% respectively.

Notable Gainers in Hong Kong

Among the constituents of the Hang Seng Index, computers/consumer electronics company Lenovo Group saw the largest increase on Wednesday, with shares increasing by 7.3%.

Shares of aluminum firm China Hongqiao Group and motor vehicle dealing company Zhongsheng Group Holdings also experienced gains, with increases of 4.7% and 4.2% respectively.

Notable Losers in Hong Kong

In Hong Kong, shares of mobile telecommunications company China Unicom (Hong Kong) saw the largest drop on Wednesday, with shares declining by 8.5%.

Shares of renewable energy equipment firm Xinyi Solar Holdings and securities/commodity exchange activities company HK Exchanges & Clearing also weakened, with decreases of 5.2% and 4.1% respectively.

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