Asia-Pacific stocks showed mixed performance on Monday, August 21, with Hong Kong experiencing a seventh consecutive day of decline. Meanwhile, Japan's market saw a slight increase.
Hong Kong Stocks
Hong Kong's Hang Seng Index (HK:HSI) dropped by 1.8% to reach 17,623.29. Among the constituents of the Hang Seng Index, Lenovo Group (HK:992), a computers/consumer electronics company, experienced the largest increase with shares up by 2.2%. However, marine transport company Orient Overseas Intl (HK:316) faced the largest decline in Hong Kong, with shares dropping by 5.6% on Monday.
Japanese Market
In Japan, the Nikkei 225 Index (JP:NIK) saw a modest increase of 0.4%. Pharmaceuticals company Sumitomo Pharma (JP:4506) led the gains among Nikkei 225 constituents, with shares up by 4.2%. Electric power generation firm Tokyo Electric Power (JP:9501) and photographic equipment company Nikon Corp. (JP:7731) also performed well, rising by 4.2% and 3.4% respectively.
However, industrial electrical equipment company Yaskawa Electric (JP:6506) experienced the largest decline on Monday, with shares weakening by 2.6%. Heating/cooling/air treatment equipment firm Daikin Industries (JP:6367) and paper mills company Nippon Paper Industries (JP:3863) also dropped, by 2.2% and 2.0% respectively.
Other Regional Markets
The Shanghai Composite Index (CN:SHCOMP) of Chinese companies weakened by 1.2% to reach 3,092.98. Singapore's FTSE Straits Times Index (SG:STI) declined by 0.5% to 3,158.01. South Korea's KOSPI Composite Index (KR:180721) rose by 0.2% to 2,508.80, while Australia's S&P/ASX 200 Benchmark Index (AU:XJO) weakened by 0.5% to reach 7,115.50.
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