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Stocks in the Asia-Pacific Region Experience Mixed Performance

by Myfxtools
December 7, 2023
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In the Asia-Pacific region, stock markets closed with mixed results on Thursday, Dec. 7.

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Hong Kong Companies Experience Decline

The Hang Seng Index (HSI) of Hong Kong companies displayed a decrease of 0.7%, closing at 16,345.89.

Japanese Stock Market Declines

The Nikkei 225 Index (NIK) of Japanese companies saw a decline of 1.8%, closing at 32,858.31.

Chinese Companies Show Signs of Weakening

The Shanghai Composite Index (SHCOMP) of Chinese companies weakened by 0.1%, closing at 2,966.21.

Singapore Stocks Experience a Decline

The FTSE Straits Times Index (STI) of Singapore stocks declined by 0.4%, closing at 3,073.64.

South Korean Stocks Witness a Small Fall

The KOSPI Composite Index (180721) of South Korean stocks experienced a small decline of 0.1%, closing at 2,492.07.

Australian Benchmark Index Weakens

Australia’s S&P/ASX 200 Benchmark Index (XJO) weakened by 0.1%, closing at 7,173.30.

Significant Drops and Increases in Japanese Markets

Among the Nikkei 225 Index constituents, marine freight company Kawasaki Kisen Kaisha (9107) saw the largest drop on Thursday, as shares declined by 5.0%.

Shares of semiconductors firm Advantest Corp (6857) and batteries company GS Yuasa (6674) fell by 4.7% and 4.5%, respectively.

However, electric power generation company Tokyo Electric Power (9501) experienced the largest increase on Thursday, as shares surged by 10.5%.

Shares of non-life insurance firm Sompo Holdings (8630) and commercial banking company Shizuoka Financial Group (5831) gained by 5.1% and 1.8%, respectively.

Fluctuations in Hong Kong Companies

Among the Hang Seng Index constituents, renewable energy equipment company Xinyi Solar Holdings (968) saw the largest decrease in Hong Kong, as shares declined by 4.6% on Thursday.

Shares of pharmaceutical firms Hansoh Pharmaceutical (3692) and CSPC Pharmaceutical Group (1093) weakened by 4.2% and 3.6%, respectively.

On the other hand, shares of pharmacies/drugstores company JD Health International (6618) witnessed the largest increase in Hong Kong on Thursday, as shares increased by 2.2%.

Shares of electric power generation firm CLP Holdings (2) and food products company Tingyi Cayman Islands (322) rose by 2.1% and 1.6%, respectively.

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Tags: Asia-PacificChinaHong KongJapanStock markets
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