The Asia-Pacific region saw a decline in stocks on Monday, Oct. 16, with both the Hong Kong and Japanese markets experiencing a drop for the second consecutive day.
Hong Kong Stocks Decline
In Hong Kong, the Hang Seng Index (HSI) was down 1.0% at 17,640.36, marking a decline of 1.0%. Meanwhile, Japan's Nikkei 225 Index (NIK) dropped 2.0% and closed at 31,659.03.
Other Market Movements
The Shanghai Composite Index (SHCOMP) of Chinese companies weakened by 0.5%, closing at 3,073.81. Additionally, the FTSE Straits Times Index (STI) of Singapore stocks fell by 0.8% to 3,161.27. South Korea's KOSPI Composite Index (180721) declined by 0.8% to 2,436.24, while Australia's S&P/ASX 200 Benchmark Index (XJO) experienced a 0.3% drop and closed at 7,026.50.
Decline in Nikkei 225 Index Constituents
Within the Nikkei 225 Index, rail passenger transport company Keio (9008) saw the largest decline on Monday, as its shares weakened by 6.3%. Similarly, shares of etailing firm Mercari (4385) and rail transport company Odakyu Electric Railway (9007) dropped by 5.8% and 5.3%, respectively.
Increase in Japanese Companies' Shares
Conversely, oil and gas exploration company Inpex Corp. (1605) witnessed the largest increase on Monday, as its shares gained 2.7%. Additionally, shares of integrated oil/gas firm ENEOS Holdings (5020) and non-ferrous metals company Mitsui Mining & Smelting (5706) saw increases of 1.9% and 1.5%, respectively.
Largest Decrease in Hong Kong's Hang Seng Index
Among the constituents of the Hang Seng Index, pharmaceuticals company Sinopharm Group (1099) experienced the largest decrease in Hong Kong, with shares falling by 6.4% on Monday. Similarly, shares of food products firm Tingyi Cayman Islands (322) and full-service restaurants company Haidilao Intl Hldg (6862) weakened by 4.9% and 4.2%, respectively.
Increase in Shares of Hong Kong Companies
In contrast, shares of sanitary paper products company Hengan International (1044) saw the largest increase in Hong Kong on Monday, with shares adding 1.9%. Furthermore, shares of gas utilities firm ENN Energy Holdings (2688) and coal mining company China Shenhua Energy (1088) added 1.5% and 1.4%, respectively.