On Thursday, September 7, stocks in the Asia-Pacific region predominantly experienced a decline, with Hong Kong’s market enduring its third consecutive day of losses.
Hong Kong Market Performance
The Hang Seng Index (HSI) in Hong Kong observed a decrease of 1.3% to reach 18,202.07. Meanwhile, Japan’s Nikkei 225 Index (NIK) weakened by 0.8% and settled at 32,991.08.
Performance of Chinese Companies
The Shanghai Composite Index (SHCOMP), representing Chinese companies, fell by 1.1% to reach 3,122.35. Conversely, the FTSE Straits Times Index (STI) in Singapore remained relatively stable at 3,224.39.
Other Market Performances
The KOSPI Composite Index (180721), consisting of South Korean stocks, weakened by 0.6% to settle at 2,548.26. Similarly, Australia’s S&P/ASX 200 Benchmark Index (XJO) dropped by 1.2% to reach 7,171.00.
In Hong Kong’s Hang Seng Index constituents, Semiconductor Mfg Intl (981), a semiconductor company, experienced the largest decrease as its shares declined by 7.6% on Thursday.
Sunny Optical Technology (2382), an optical instruments firm, and Alibaba Hlth Info Tech (241), a company in the pharmacies/drug stores industry, witnessed declines of 4.3% and 3.9%, respectively.
Conversely, ENN Energy Holdings (2688), a gas utilities company, saw the largest increase in Hong Kong as its shares rose by 4.5%. PetroChina (857), an integrated oil/gas firm, experienced a gain of 2.9%, while Xiaomi (1810), a cell/mobile phones company, gained 1.2%.
Among the constituents of Japan’s Nikkei 225 Index, Advantest Corp (6857), a semiconductors company, observed the largest drop with shares weakening by 6.6%.
Turbines firm NTN (6472) and passive components company Murata Manufacturing (6981) witnessed declines of 5.4% and 5.0% respectively.
Mitsui E&S (7003), a shipbuilding company in Japan, experienced the largest increase on Thursday, with shares rising by 4.3%. Additionally, shares of Nippon Paper Industries (3863), a paper mills firm, and Kawasaki Heavy Industries (7012), a diversified holding companies company, added 3.9% and 3.5% respectively.