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Stocks in Asia-Pacific Rise, Hong Kong Climbs


In the Asia-Pacific region, most stocks saw gains on Thursday, Dec. 28, with Hong Kong’s shares climbing for the second consecutive day. The Hang Seng Index of Hong Kong companies rose by 2.5%, reaching 17,043.53, while the Nikkei 225 Index of Japanese companies fell by 0.4% to 33,539.62.

Positive Performance in China, Singapore, South Korea, and Australia

China’s Shanghai Composite Index experienced a significant increase of 1.4%, reaching 2,954.70. Similarly, Singapore’s FTSE Straits Times Index added 1.4% to reach 3,215.95. South Korea’s KOSPI Composite Index rose by 1.6% to reach 2,655.28, and Australia’s S&P/ASX 200 Benchmark Index increased by 0.7% to reach 7,614.30.

Notable Stock Movements

Among the constituents of the Hang Seng Index, property management company Country Garden Svcs saw the largest increase on Thursday, with shares gaining 7.4%. Motor vehicle dealing firm Zhongsheng Group Holdings and passenger cars company Geely Automobile Holdings also performed well, with their shares gaining 7.3% and 6.7%, respectively.

On the other hand, Hong Kong-based cell/mobile phones company Xiaomi experienced a slight decrease of 0.2% on Thursday.

Among the constituents of the Nikkei 225 Index, printing inks company DIC Corp saw the largest increase on Thursday, with shares gaining 6.7%. Electrical components/equipment firm Nidec and passive components company Murata Manufacturing also fared well, with their shares gaining 2.5% and 2.2%, respectively.

However, security/privacy software company Trend Micro saw the largest drop on Thursday, with shares declining by 4.7%.

Shares of marine freight firm Kawasaki Kisen Kaisha and marine transport company Nippon Yusen also declined by 3.9% and 3.5%, respectively.

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