Asia-Pacific stocks experienced mixed performance on Wednesday, July 26th. While Japanese shares declined for the second session, Hong Kong stocks also fell. However, the stock market in Singapore saw an increase.
Hong Kong Stocks Decline, Hang Seng Index Falls 0.4%
The Hang Seng Index (HSI) in Hong Kong dropped 0.4% to 19,365.14. This decline was largely driven by the weak performance of companies such as Country Garden Svcs (6098), a property management firm, whose shares fell 7.7%.
Japan's Nikkei 225 Index Remains Flat
The Nikkei 225 Index (NIK) in Japan remained flat at 32,668.34. Companies such as IHI Corp (7013) and Taiyo Yuden (6976) experienced a decline in shares, dropping by 7.0% and 2.3% respectively.
Mixed Performance across Other Markets in the Region
The Shanghai Composite Index (SHCOMP) in China weakened by 0.3% to 3,223.03. Conversely, the FTSE Straits Times Index (STI) in Singapore increased by 0.5% to 3,301.96. South Korea's KOSPI Composite Index (180721) declined by 1.7% to 2,592.36, while Australia's S&P/ASX 200 Benchmark Index (XJO) saw a rise of 0.8% to 7,402.00.
Key Market Movements
In Hong Kong, Sands China (1928), a gambling industries company, witnessed the largest increase on Wednesday, with shares adding 3.7%. Meanwhile, Zhongsheng Group Holdings (881), a motor vehicle dealing firm, and China Petro & Chem (386), an integrated oil/gas company, experienced a decline of 5.1% and 3.5% respectively.
In Japan, Nippon Paper Industries (3863), a paper mills company, saw the largest increase on Wednesday, with shares rising by 3.2%. CyberAgent (4751), a digital marketing firm, and Pacific Metals (5541), a steel production company, also recorded gains of 2.4% and 2.3% respectively.