Japan Market Continues to Rise, Hong Kong Stocks Decline
Stocks in the Asia-Pacific region mostly tumbled on Monday, Feb. 26, with the Japanese market showing a second day of increases while shares in Hong Kong declined for the second day.
Highlights from the Region:
- Hang Seng Index (Hong Kong): Down 0.5% at 16,634.74
- Nikkei 225 Index (Japan): Increased by 0.3% to 39,233.71
- Shanghai Composite Index (China): Dropped 0.9% to 2,977.02
- FTSE Straits Times Index (Singapore): Weakened by 0.5% to 3,167.87
- KOSPI Composite Index (South Korea): Dropped by 0.8% to 2,647.08
- S&P/ASX 200 Benchmark Index (Australia): Increased by 0.1% to 7,652.80
Standout Performances
Hong Kong:
- Increase: Property managers company Country Garden Svcs (6098) saw shares rise by 5.3%
- Decrease: Sporting goods retailing company Li Ning (2331) saw shares fall by 3.8%
Japan:
- Increase: Pharmaceuticals company Chugai Pharmaceutical (4519) saw shares rise by 6.4%
- Decrease: Games software company NEXON (3659) saw shares weaken by 3.5%
Closing Trends
- Property Managers Firm: Cn Rscs Mixc Lifestyle (1209) and Lenovo Group (992) saw increases of 4.8% and 4.1% respectively in Hong Kong
- Marine Transport Firm: Orient Overseas Intl (316) and gold ore mining company Zijin Mining Group (2899) saw decreases of 2.6% and 2.4% respectively in Hong Kong
- Diversified Holding Companies Firm: Kawasaki Heavy Industries (7012) and plumbing fittings/fixtures company Toto Ltd. (5332) saw increases of 4.4% and 4.3% respectively in Japan
- Semiconductors Firm: SCREEN Holdings (7735) and alcoholic beverages/drinks company Asahi Group Holdings (2502) saw decreases of 3.5% and 2.7% respectively in Japan
