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Asia-Pacific Stocks Fall on Friday

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Hong Kong

The Hang Seng Index (HSI) of Hong Kong companies weakened by 2.3% to 17,813.45.

  • JD.com (9618) experienced the largest decline in Hong Kong, with shares dropping 11.5%.
  • Zhongsheng Group Holdings (881), a motor vehicle dealing firm, and Chow Tai Fook Jewellery (1929), a jewelry retailing company, fell by 6.3% and 5.5% respectively.
  • Pharmaceutical company Hansoh Pharmaceutical (3692) saw the largest increase in Hong Kong with shares rising by 2.3%.
  • China Unicom (Hong Kong) (762), a mobile telecommunications firm, and Sinopharm Group (1099), a pharmaceuticals company, experienced an increase of 0.9% and 0.7% respectively.

Japan

The Nikkei 225 Index of Japanese companies dropped by 0.5% to 32,315.99.

  • Sumitomo Pharma (4506), a pharmaceuticals company, saw the largest decrease with shares dropping by 6.3%.
  • Seven & I Holdings (3382), a mixed retailing firm, and Rakuten Group (4755), an e-commerce company, weakened by 4.5% and 4.3% respectively.
  • Fast Retailing (9983), a clothing retail company, experienced the largest increase with shares rising by 5.7%.
  • Inpex Corp. (1605), an oil and gas exploration firm, and SMC (6273), a compressors/hydraulic equipment company, rose by 0.8% and 0.4% respectively.

Other Markets

  • The Shanghai Composite Index of Chinese companies fell by 0.6% to 3,088.10.
  • Singapore’s FTSE Straits Times Index declined by 1.0% to 3,187.11.
  • The KOSPI Composite Index of South Korean stocks weakened by 1.0% to 2,456.15.
  • The S&P/ASX 200 Benchmark Index of Australian stocks dropped by 0.6% to 7,051.00.

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