Hong Kong Market Declines, Japan's Nikkei 225 Surges
Asia-Pacific stocks showed mixed performance on Thursday, Feb. 8, as the Hong Kong market declined for the second consecutive day. The Hang Seng Index (HK:HSI) of Hong Kong companies fell 1.3% to 15,878.07. Meanwhile, Japan's Nikkei 225 Index (JP:NIK) gained 2.1% to reach 36,863.28.
China's Shanghai Composite Index (CN:SHCOMP) recorded a gain of 1.3%, reaching 2,865.90. On the other hand, The FTSE Straits Times Index (SG:STI) of Singapore stocks declined by 0.5% to settle at 3,140.27. Similarly, the KOSPI Composite Index (KR:180721) of South Korean stocks rose by 0.4% to reach 2,620.32, while the S&P/ASX 200 Benchmark Index (AU:XJO) of Australian stocks increased by 0.3% to stand at 7,639.20.
Notable Performances of Hang Seng and Nikkei 225 Constituents
Among the Hang Seng Index constituents, real estate services/transactions company Longfor Group Holdings (HK:960) witnessed the largest increase on Thursday, as its shares rose by 2.7%. Property managers firm Cn Rscs Mixc Lifestyle (HK:1209) and semiconductors company Semicon Mfg Intl (HK:981) also experienced gains of 2.3% each.
However, biotechnology services company Wuxi Biologics (Cayman) (HK:2269) faced the largest decrease in Hong Kong, as its shares weakened by 7.6% on Thursday. Medical laboratory services firm WuXi AppTec (HK:2359) and e-tailing company Alibaba Group Holding (HK:9988) also saw declines of 7.3% and 6.1%, respectively.
Among the Nikkei 225 Index constituents, pharmaceuticals company Kyowa Kirin (JP:4151) observed the largest increase on Thursday, as its shares surged by an impressive 19.4%. Shares of mobile telecommunications firm SoftBank Group (JP:9984) and semiconductors company Advantest Corp (JP:6857) also displayed gains of 11.1% and 7.6%, respectively.
Conversely, construction company Shimizu (JP:1803) experienced the largest drop on Thursday, as its shares plunged by 16.1%. Shares of online service providers firm DeNA (JP:2432) and non-ferrous metals company Mitsui Mining & Smelting (JP:5706) also witnessed declines of 10.2% and 9.2%, respectively.
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