The Asia-Pacific region experienced mostly positive performance in the stock market on Wednesday, October 11. Hong Kong stocks continued to rise for the fifth consecutive session, while the Japanese market showed a second day of gains.
Hong Kong and Japanese Markets
Hong Kong's Hang Seng Index (HSI) saw a significant increase of 1.3% and closed at 17,893.10. Similarly, the Nikkei 225 Index (NIK) of Japanese companies rose by 0.6% and reached 31,936.51.
Other Asian Markets
- China's Shanghai Composite Index (SHCOMP) experienced a modest gain of 0.1% and closed at 3,078.96.
- Singapore stocks, represented by The FTSE Straits Times Index (STI), fell by 0.3%, reaching 3,190.97.
- South Korean stocks, on the other hand, witnessed a substantial rise of 2.0%. The KOSPI Composite Index (180721) closed at 2,450.08.
- Australia's S&P/ASX 200 Benchmark Index (XJO) also observed a positive performance with a growth of 0.7% and closed at 7,088.40.
Highlights from Hong Kong Stocks
Among the constituents of the Hang Seng Index, Sunny Optical Technology (2382) experienced the largest increase, with shares soaring by 12.2%. Similarly, renewable energy equipment firm Xinyi Solar Holdings (968) and semiconductors company Semiconductor Mfg Intl (981) saw notable growth, with increases of 7.2% and 6.7% respectively. Conversely, aluminum company China Hongqiao Group (1378) reported the largest decline of 2.8%.
Highlights from Japanese Stocks
Within the Nikkei 225 Index, Lasertec (6920), a measuring/precision instruments company, observed the largest increase of 6.3%. Meanwhile, electric power generation firm Tokyo Electric Power (9501) and mobile telecommunications company SoftBank Group (9984) reflected positive performance with gains of 3.3% and 2.6% respectively. However, marine freight company Kawasaki Kisen Kaisha (9107) experienced the largest decline, with shares dropping by 6.1%.
Other Movements in Hong Kong and Japanese Stocks
Additional movements within the Hong Kong market include marine transport firm Orient Overseas Intl (316) and jewelry retailing company Chow Tai Fook Jewellery (1929) witnessing decreases of 1.8% and 1.2% respectively. In Japan, computer services firm NTT Data Group (9613) and marine transport company Nippon Yusen (9101) saw declines of 3.3% and 3.0% respectively.