Stocks in the Asia-Pacific region saw mixed performance on Tuesday, Dec. 19. While the Hong Kong market declined for the second consecutive session, Japan and other countries experienced gains.
Hong Kong’s Hang Seng Index
Hong Kong’s Hang Seng Index (HSI) declined by 0.7%, closing at 16,505.00.
Japan’s Nikkei 225 Index
Japan’s Nikkei 225 Index (NIK) rose by 1.4%, reaching 33,219.39.
Other Market Movements
- Chinese companies listed in the Shanghai Composite Index (SHCOMP) gained 0.1%, closing at 2,932.39.
- Singapore stocks, represented by the FTSE Straits Times Index (STI), added 0.2%, reaching 3,119.00.
- The KOSPI Composite Index, comprising South Korean stocks, rose by 0.1% and closed at 2,568.55.
- Australia’s S&P/ASX 200 Benchmark Index (XJO) experienced a substantial increase of 0.8%, closing at 7,489.10.
Key Performers
Among the constituents of the Hang Seng Index, Link Real Estate Investment Trust (823) witnessed the largest increase, with shares rising by 1.7%.
In Hong Kong, Xiaomi (1810) and Li Ning (2331), both known for their mobile phones and sporting goods, respectively, gained 1.5% and 1.3%.
However, property management firm Country Garden Services (6098) suffered the largest decline in Hong Kong, with shares plunging by 11.7%.
Similarly, e-commerce company Meituan (3690) and real estate services provider Longfor Group Holdings (960) experienced a significant drop of 5.7% and 5.5%, respectively.
In the Nikkei 225 Index, marine freight company Kawasaki Kisen Kaisha (9107) saw the largest increase, with shares rising by 5.7%.
Games software firm Konami Group (9766) and measuring/precision instruments company Lasertec (6920) experienced gains of 5.1% and 4.9%, respectively.
On the other hand, Nippon Steel (5401), a steel production company in Japan, faced the largest decline, with shares falling by 2.8%.
Rail passenger transport company Central Japan Railway (9022) and pharmaceuticals company Daiichi Sankyo (4568) also saw a drop in share prices, declining by 2.5% and 2.2%, respectively.
