Asia-Pacific Stocks Show Growth

In the Asia-Pacific region, stocks mostly saw growth on Thursday, November 2nd. Japanese shares continued to climb for the third consecutive day.

Japan

Japanese stocks performed well, with the Nikkei 225 Index of Japanese companies rising by 1.1% to reach 31,949.89. Among the constituents of the Nikkei 225 Index, Advantest Corp saw the largest increase as shares rose by 10.0%. On the other hand, Yamaha, a musical instruments company, experienced the largest decline as shares weakened by 8.6%. Also notable were increases of 8.0% for Kikkoman, a condiments/sauces firm, and 7.7% for SCREEN Holdings, a semiconductors company. Meanwhile, shares of Orix, a credit types/services firm, dropped by 6.3%, and Astellas Pharma, a pharmaceuticals company, saw a decline of 4.8%.

Hong Kong

Hong Kong stocks also showed gains, with the Hang Seng Index climbing by 0.8% to reach 17,230.59. The biggest increase among the constituents of the Hang Seng Index was observed in Link Real Estate Inv Tr, a retail reits company, with shares gaining 6.7%. Xiaomi, a cell/mobile phones firm, and Henderson Land Devt, a real estate services/transactions company, saw increases of 6.0% and 4.6%, respectively. In contrast, Wuxi Biologics (Cayman), a biotechnology services company, experienced the largest drop in Hong Kong, with shares falling by 1.9%. Additionally, Sinopharm Group, a pharmaceuticals firm, and Haidilao Intl Hldg, a full-service restaurants company, witnessed declines of 1.4% and 1.2%, respectively.

Other Regions in Asia-Pacific

Meanwhile, the Shanghai Composite Index of Chinese companies dropped by 0.5% to reach 3,009.41. In Singapore, the FTSE Straits Times Index of stocks rose by 0.2% to reach 3,082.53. South Korean stocks also saw gains, with the KOSPI Composite Index increasing by 1.8% to reach 2,343.12. Australian stocks performed well, as the S&P/ASX 200 Benchmark Index increased by 0.9% to reach 6,899.70.