Hong Kong Market Climbs for Third Day
Asia-Pacific stocks saw growth on Thursday, Feb. 22, with the Hong Kong market leading the way.
Key Highlights:
- Hong Kong’s Hang Seng Index surged by 1.5% to 16,742.95.
- Nikkei 225 Index in Japan gained 2.2% to reach 39,098.68.
- China’s Shanghai Composite Index increased by 1.3% to 2,988.36.
- FTSE Straits Times Index of Singapore stocks saw a 0.1% rise to 3,218.87.
- KOSPI Composite Index in South Korea added 0.4% to settle at 2,664.27.
- Australia’s S&P/ASX 200 Benchmark Index remained flat at 7,611.20.
Market Movements:
Japan:
- Semiconductors company SCREEN Holdings saw a significant surge of 10.2%.
- Shares of Advantest Corp and Tokyo Electron also showed strong gains of 7.5% and 6.0%, respectively.
- On the downside, pharmaceuticals company Chugai Pharmaceutical experienced a decline of 4.1%.
Hong Kong:
- Motor vehicle dealer Zhongsheng Group Holdings saw a notable increase of 7.5%.
- Trip.com Group and CNOOC also saw positive movements with gains of 7.3% and 5.9%, respectively.
- On the other hand, Galaxy Entertainment Grp witnessed a drop of 1.8%.
Market Declines:
- Shares of portable power tools firm Techtronic Industries and integrated banks company HSBC PLC (HK Reg) fell by 1.7% and 1.1%, respectively.
This market update was generated using data from Dow Jones and FactSet.
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