Stock Markets in Asia-Pacific Experience Mixed Performance

Stock markets in the Asia-Pacific region experienced a mixed performance on Monday, September 11. While shares in Japan declined for the third consecutive session, the Hong Kong market saw a fourth consecutive day of losses.

Hong Kong Market Update

The Hang Seng Index (HSI) in Hong Kong fell by 0.6% to close at 18,096.45. On the other hand, the Shanghai Composite Index (SHCOMP) of Chinese companies added 0.8% to reach 3,142.78. In Singapore, the FTSE Straits Times Index (STI) saw a minimal increase of 0.1% and closed at 3,212.04.

Highlights from Specific Markets

Hong Kong:

• Sun Hung Kai Properties witnessed a significant decrease of 9.5% on Monday, making it the largest decline among the Hang Seng Index constituents.
• New World Development and Henderson Land Devt also saw a notable drop in their share prices, falling by 6.1% and 4.0% respectively.
• Alibaba Hlth Info Tech, a pharmaceutical company, stood out with a 6.1% increase in its share prices.

Japan:

• Renesas Electronics saw the largest decline among Nikkei 225 Index constituents, with shares dropping by 4.3%.
• Real estate services/transactions firms Mitsui Fudosan and Mitsubishi Estate faced declines of 4.3% and 4.1% respectively.
• On a positive note, Resona Holdings, a banking company, witnessed the largest increase in share prices with a gain of 6.5%.
• Shares of Mitsui E&S, a shipbuilding firm, and Chiba Bank, a commercial banking company, rose by 6.1% and 5.9% respectively.