The stock market in the Asia-Pacific region saw mostly positive trends on Tuesday, August 22nd. Japanese shares particularly performed well, with the Hang Seng Index of Hong Kong companies increasing by 1.0% to 17,791.01 and Japan’s Nikkei 225 Index adding 0.9% to 31,856.71.
Other markets in the region also experienced growth, with the Shanghai Composite Index of Chinese companies rising by 0.9% to 3,120.33, Singapore’s FTSE Straits Times Index increasing by 0.3% to 3,162.15, the KOSPI Composite Index of South Korean stocks rising by 0.3% to 2,515.74, and Australia’s S&P/ASX 200 Benchmark Index adding 0.1% to 7,121.60.
Positive Performances
Among the constituents of the Hang Seng Index, motor vehicle dealing company Zhongsheng Group Holdings saw the largest increase on Tuesday, as its shares climbed by 5.9%. Similarly, pharmaceuticals firm Hansoh Pharmaceutical and gold ore mining company Zijin Mining Group also experienced gains, with their shares rising by 4.5% and 4.1% respectively.
Declining Stocks
On the other hand, shares of sporting goods retailing company Li Ning saw the largest decline in Hong Kong, as its shares dropped by 3.2% on Tuesday. Similarly, real estate services/transactions firm China Overseas Land & Inv and sports clothing/footwear company Anta Sports Products both saw declines of 1.4% and 1.0% respectively.
Notable Performances in Japan
Turning our attention to Japan, semiconductors company Advantest Corp experienced the largest increase among the constituents of the Nikkei 225 Index, as its shares added 4.6%. Banking firm Resona Holdings and diversified holding companies company Toyota Tsusho also performed well, with their shares rising by 3.5% and 3.4% respectively.
However, shares of pharmaceuticals company Eisai Co Ltd weakened by 1.7% on Tuesday, marking the largest decline among the Nikkei 225 Index constituents. Similarly, amusement/theme parks firm Oriental Land and database/directory publishing company M3 saw declines of 1.6% and 1.4% respectively.
