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Asia-Pacific Stocks Show Mixed Performance

February 7, 2024 by Forex Winner Leave a Comment

Asia-Pacific stocks experienced mixed results on Wednesday, Feb. 7, with the Japanese market observing a second consecutive day of declines. Here is a summary of the key movements:

Hong Kong

  • Hang Seng Index (HSI) -0.34% to 16,081.89

Japan

  • Nikkei 225 Index (NIK) -0.11% to 36,119.92

China

  • Shanghai Composite Index (SHCOMP) +1.44% to 2,829.70

Singapore

  • FTSE Straits Times Index (STI) +0.96% to 3,155.78

South Korea

  • KOSPI Composite Index (180721) +1.30% to 2,609.58

Australia

  • S&P/ASX 200 Benchmark Index (XJO) +0.45% to 7,615.80

Notable Movements

Among the constituents of the Hang Seng Index:

  • Semicon Mfg Intl (981) experienced a significant decrease of -7.95% in Hong Kong.
  • China Overseas Land & Inv (688), a real estate services/transactions firm, and Lenovo Group (992), a computers/consumer electronics company, both saw their shares drop by -5.89% and -4.25%, respectively.
  • Wuxi Biologics (Cayman) (2269), a biotechnology services company, had the largest increase, gaining +5.62%.

In Japan, some notable movements among the Nikkei 225 Index constituents were:

  • Sharp Corp. (6753), a personal electronics company, faced the largest decline of -8.84%.
  • LY (4689), an online service providers firm, and Daikin Industries (6367), a heating/cooling/air treatment equipment company, both experienced decreases of -7.22% and -7.07%, respectively.
  • GS Yuasa (6674), a batteries company, had the largest increase of +21.14%.

Among other movements in the Japanese market:

  • Wholesalers firm Mitsubishi (8058) and electronic office equipment company Ricoh (7752) gained +9.74% and +6.64%, respectively.

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Filed Under: Forex News Tagged With: Asia Pacific, market performance, stocks

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