Mixed Performance in Asia-Pacific Stocks

Stocks in the Asia-Pacific region experienced mixed performance on Friday, Dec. 1.

Hong Kong and Japanese Markets Decline

In Hong Kong, the Hang Seng Index (HSI) fell by 1.2% to reach 16,830.30. Meanwhile, the Nikkei 225 Index (NIK) in Japan declined by 0.2% to reach 33,431.51.

Positive Performance in China and Singapore

China's Shanghai Composite Index (SHCOMP) gained 0.1% to reach 3,031.64. Similarly, Singapore's FTSE Straits Times Index (STI) rose by 0.5% to reach 3,087.12.

South Korea and Australia Witness Declines

South Korea's KOSPI Composite Index (180721) dropped by 1.2% to reach 2,505.01, while the S&P/ASX 200 Benchmark Index (XJO) in Australia weakened by 0.2% to reach 7,073.20.

Key Movements in Hong Kong Market

Within the Hang Seng Index constituents, motor vehicle dealing company Zhongsheng Group Holdings (881) experienced the biggest drop in Hong Kong, with its shares weakening by 6.1% on Friday.

Shares of real estate services/transactions firm New World Development (17) and full-service restaurants company Haidilao Intl Hldg (6862) also weakened by 4.5% and 4.2%, respectively.

On the other hand, gambling industries company Sands China (1928) saw the largest increase in Hong Kong, with its shares rising by 2.3%.

Notable Movements in Japan

Among the Nikkei 225 Index constituents, e-commerce company Rakuten Group (4755) witnessed the biggest decrease, with its shares weakening by 4.4%.

Shares of passive components firm Taiyo Yuden (6976) and database/directory publishing company M3 (2413) also weakened by 3.6% each.

In contrast, mixed retailing company Seven & I Holdings (3382) experienced the largest increase on Friday, with its shares gaining 5.3%.

Shares of security/privacy software firm Trend Micro (4704) and metalworking machinery company Amada (6113) also rose by 4.5% and 3.8%, respectively.