Stocks in the Asia-Pacific region experienced an increase on Wednesday, Aug. 30, with the Japanese market showing a third consecutive day of gains.
Hong Kong Stocks Remain Flat
Hong Kong stocks remained flat, with the Hang Seng Index (HK:HSI) holding steady at 18,482.86. However, the Nikkei 225 Index (JP:NIK) of Japanese companies rose by 0.3% to reach 32,333.46.
Chinese and Singapore Stocks Show Little Movement
The Shanghai Composite Index (CN:SHCOMP) of Chinese companies remained unchanged at 3,137.14, while the FTSE Straits Times Index (SG:STI) of Singapore stocks fell slightly by 0.1% to 3,220.37.
South Korean and Australian Stocks Experience Gains
In South Korea, the KOSPI Composite Index (KR:180721) of South Korean stocks gained by 0.4%, reaching 2,561.22. Meanwhile, the S&P/ASX 200 Benchmark Index (AU:XJO) of Australian stocks saw a significant increase of 1.2%, totaling 7,297.70.
Key Movers on Hang Seng Index
Among the Hang Seng Index constituents, Lenovo Group (HK:992), a company specializing in computers and consumer electronics, saw the largest increase as its shares rose by 3.8%. Real estate services/transactions firm New World Development (HK:17) and aluminum company China Hongqiao Group (HK:1378) also experienced gains of 3.1% each.
However, renewable energy generation company China Resources Power (HK:836) faced a decline of 4.7% in Hong Kong on Wednesday. Pharmacies/drug stores firm JD Health International (HK:6618) and real estate services/transactions company Country Garden Holdings (HK:2007) also saw drops in their shares, declining by 3.6% and 3.3% respectively.
Notable Movers on Nikkei 225 Index
Within the Nikkei 225 Index, Yaskawa Electric (JP:6506), an industrial electrical equipment company, experienced the largest increase as its shares added 2.8% on Wednesday. Construction firm Mitsubishi Heavy Inds (JP:7011) and diversified holding companies company IHI Corp (JP:7013) also saw notable gains, rising by 2.8% and 2.4%, respectively.
On the other hand, Tokyo Electric Power (JP:9501), an electric power generation company, faced the largest decline as its shares dropped by 1.9% in Japan. Pharmaceuticals firm Sumitomo Pharma (JP:4506) and marine freight company Kawasaki Kisen Kaisha (JP:9107) also weakened, experiencing declines of 1.8% and 1.5%, respectively.
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