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Stocks in the Asia-Pacific Region Reflect Mixed Performance


In the Asian-Pacfic region, stock markets have shown a mixed performance on Monday, Dec. 4. While the Hong Kong and Japanese markets declined for the second consecutive day, other markets experienced growth.

Hong Kong Stocks Weaken

The Hang Seng Index (HSI) of Hong Kong witnessed a decline of 1.1%, settling at 16,646.05. Among the constituents of the HSI, Wuxi Biologics (Cayman) experienced the largest drop, with shares plummeting by 23.8%. Online service providers firm Netease and optical instruments company Sunny Optical Technology faced a decline of 5.2% and 5.1% respectively.

However, gold ore mining company Zijin Mining Group saw a significant increase of 3.8% in share prices. Computers/consumer electronics firm Lenovo Group and diversified holding companies company CK Infrastructure Hldgs also experienced growth with a 3.0% and 2.5% increase respectively.

Japanese Stock Market Declines

The Nikkei 225 Index (NIK) witnessed a decline of 0.6%, reaching 33,231.27. Mazda Motor faced the largest drop among the constituents of the index, with shares weakening by 3.6%. Similarly, toys/games firm BANDAI NAMCO Holdings and passenger cars company Mitsubishi Motors also faced a decline of 3.6%.

On the other hand, security/privacy software company Trend Micro saw a significant increase of 4.5% in share prices. Marine freight firm Kawasaki Kisen Kaisha and credit types/services company Credit Saison also experienced growth with increases of 3.4% and 3.3% respectively.

Other Markets

In China, the Shanghai Composite Index dropped by 0.3% to reach 3,022.91. Singapore’s FTSE Straits Times Index weakened by 0.2% to settle at 3,084.43. Meanwhile, South Korea’s KOSPI Composite Index witnessed growth with a 0.4% increase to reach 2,514.95, and Australia’s S&P/ASX 200 Benchmark Index added 0.7%, settling at 7,124.70.

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