Asia-Pacific stocks experienced overall growth on Tuesday, Oct. 17, with various indices showcasing positive trends.
Hang Seng Index: Hong Kong Companies Thrive
Hong Kong companies witnessed a significant uptick in the market, as the Hang Seng Index (HSI) recorded a 0.8% increase, reaching 17,773.34.
Japan’s Nikkei 225 Index Flourishes
The Nikkei 225 Index (NIK) of Japan also demonstrated a strong performance, with a 1.2% gain and closing at 32,040.29.
Shanghai Composite Index Reflects Steady Growth
Chinese companies experienced a modest increase, as the Shanghai Composite Index (SHCOMP) rose by 0.3% to reach 3,083.50.
FTSE Straits Times Index: Positive Momentum for Singapore Stocks
Singapore stocks exhibited favorable growth with the FTSE Straits Times Index (STI) reporting a 0.1% increase, culminating at 3,167.64.
Rise in South Korea’s KOSPI Composite Index
South Korea’s stock market demonstrated substantial progress, as the KOSPI Composite Index observed a 1.0% rise, settling at 2,460.17.
Australia’s S&P/ASX 200 Benchmark Index Shows Incremental Growth
Australia’s benchmark index, the S&P/ASX 200 (XJO), experienced a slight increase of 0.4%, reaching 7,056.10.
Notable Companies and Movements in Japan’s Nikkei 225 Index
Within the Nikkei 225 Index constituents, BANDAI NAMCO Holdings (7832) emerged as the highest gainer on Tuesday, with shares soaring by an impressive 4.6%. Additionally, Konami Group (9766), a games software firm, saw a significant increase of 3.9%, while medical equipment/supplies company Terumo (4543) experienced a boost of 3.8%. On the other hand, Kawasaki Heavy Industries (7012), a diversified holding company, faced a decline, with shares falling by 2.5%. Similarly, agricultural machinery firm Kubota (6326) and non-ferrous metals company Mitsui Mining & Smelting (5706) weakened by 1.4% each.
Standout Performance by Xiaomi in Hang Seng Index
Among the Hang Seng Index constituents, Xiaomi (1810), a cell/mobile phone company, outshined other stocks with a significant increase of 4.0%. Likewise, clothing firm Shenzhou Intl Group (2313) and computers/consumer electronics company Lenovo Group (992) showcased notable growth, with their shares rising by 3.6% and 3.2%, respectively. Conversely, optical instruments company Sunny Optical Technology (2382) experienced a decline of 2.2%, marking the largest decrease in Hong Kong. Additionally, property managers firm Cn Rscs Mixc Lifestyle (1209) and marine transport company Orient Overseas Intl (316) recorded losses of 1.8% and 1.7%, respectively.
