Home News Stocks in Asia-Pacific Region Experience Declines

Stocks in Asia-Pacific Region Experience Declines

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Stocks in the Asia-Pacific region mostly experienced decreases on Wednesday, Oct. 4, with Hong Kong and the Japanese market taking a hit.

Hong Kong

Hong Kong stocks declined, with the Hang Seng Index (HSI) down 0.8% at 17,195.84.

Among the Hang Seng Index constituents, internet search engines company Baidu saw the largest decline in Hong Kong, as shares fell 4.1%.

Shares of travel agencies firm Trip.com Group and building construction company Longfor Group Holdings declined 3.8% and 3.2%, respectively.

On the other hand, shares of real estate services/transactions company New World Development saw the largest increase in Hong Kong on Wednesday, as shares rose 2.8%.

Shares of real estate services/transactions firm Sun Hung Kai Properties and real estate services/transactions company Henderson Land Development added 2.0% and 1.6%, respectively.

Japan

Japan’s Nikkei 225 Index dropped 2.3% to 30,526.88.

Of the Nikkei 225 Index constituents, passenger car company Mitsubishi Motors saw the largest drop Wednesday, as shares fell 7.2%.

Shares of credit types/services firm Credit Saison and motor vehicle parts company JTEKT Corp. dropped 7.2% and 7.0%, respectively.

On the positive side, database/directory publishing company M3 saw the largest increase Wednesday, as shares rose 2.3%.

Shares of cosmetics/toiletries firm Shiseido and human resources consulting company Recruit Holdings increased 2.2% and 1.0%, respectively.

Other Markets

The FTSE Straits Times Index of Singapore stocks fell 1.4% to 3,146.62.

South Korea’s KOSPI Composite Index weakened 2.4% to 2,405.69.

Australia’s S&P/ASX 200 Benchmark Index weakened 0.8% to 6,890.20.

China’s Shanghai Stock Exchange was closed.

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