Asia-Pacific Stocks Show Mixed Performance
Most Asia-Pacific stocks saw an increase on Monday, March 4, with the Hong Kong and Japanese markets posting gains for the second consecutive day.
Hong Kong Stocks Remain Steady
In Hong Kong, the Hang Seng Index remained flat at 16,595.97, showing little change. Meanwhile, Japanese stocks performed better as the Nikkei 225 Index rose by 0.5% to 40,109.23.
Market Highlights
- China’s Shanghai Composite Index gained 0.4% to 3,039.31
- Singapore’s FTSE Straits Times Index fell by 0.5% to 3,121.22
- South Korea’s KOSPI Composite Index increased by 1.2% to 2,674.27
- Australia’s S&P/ASX 200 Benchmark Index dropped slightly by 0.1% to 7,735.80
Notable Movers in Japan
- Renesas Electronics (6723) saw a significant increase of 4.9%
- Isetan Mitsukoshi Hldgs (3099) and Sumco (3436) also experienced gains of 4.6% and 4.0% respectively
- On the other hand, Kawasaki Kisen Kaisha (9107) recorded a decline of 6.7%, the largest drop of the day
Highlights from Hong Kong
- WuXi AppTec (2359) emerged as the top performer with a surge of 12.5%
- Wuxi Biologics (Cayman) (2269) and Techtronic Industries (669) followed with increases of 11.7% and 9.6% respectively
- Li Auto (2015) faced a substantial decrease of 10.7%
Wrapping Up
While some stocks showed positive momentum, others experienced declines in both Hong Kong and Japan. It will be interesting to see how these markets continue to perform in the coming days.
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