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Home News

Asia-Pacific Markets Update

by Myfxtools
December 8, 2023
in News
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Hong Kong and Japanese Markets Decline, Others See Gains

Asia-Pacific stocks mostly increased on Friday, Dec. 8, with the exception of the Hong Kong and Japanese markets which declined for the second session.

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Hong Kong

In Hong Kong, the Hang Seng Index (HSI) fell by 0.1% to 16,334.37.

The largest decrease in Hong Kong was seen by jewelry retailing company Chow Tai Fook Jewellery, as its shares declined by 5.2% on Friday.

On the other hand, optical instruments company Sunny Optical Technology experienced the largest increase in Hong Kong, with its shares gaining 2.1%.

Japan

The Nikkei 225 Index of Japanese companies dropped by 1.7% to 32,307.86.

Among the Nikkei 225 Index constituents, printing company Toppan Holdings saw the largest decline on Friday, as its shares fell by 5.3%.

Motor vehicle parts firm JTEKT Corp. and metalworking machinery company Amada saw declines of 5.0% and 4.9%, respectively.

Frozen foods company Nichirei, however, experienced the largest increase on Friday, as its shares added 6.2%.

Online service providers firm LY and banking company Resona Holdings also saw gains of 4.4% and 1.8%, respectively.

Other Asian Markets

China’s Shanghai Composite Index gained 0.1% to 2,969.56.

The FTSE Straits Times Index of Singapore stocks rose by 1.1% to 3,107.36.

South Korea’s KOSPI Composite Index gained 1.0% to 2,517.85.

Australia’s S&P/ASX 200 Benchmark Index increased by 0.3% to 7,194.90.

Among the other Asian markets, the largest decrease was seen by real estate services/transactions firms China Resources Land and China Overseas Land & Inv, as they weakened by 4.6% and 3.9% respectively.

On the other hand, gambling industries firm Galaxy Entertainment Grp and life insurance company AIA Group saw gains of 2.1% and 1.9% respectively.

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Tags: AustraliaChinaHong KongJapanMarket TrendsSingaporeSouth Koreastock market
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