Hong Kong Declines for Sixth Session, Japan Shows Second Day of Increases
On Tuesday, Jan. 9, the Asia-Pacific stock market saw mostly positive movement. Shares in Hong Kong declined for the sixth session while the Japanese market showed a second day of increases.
Hong Kong Stocks Decline
The Hang Seng Index (HSI) in Hong Kong was down 0.2% at 16,190.02. This decrease represents the sixth consecutive decline for the index.
Japanese Market Increases
Meanwhile, Japan's Nikkei 225 Index (NIK) rose 1.2% to 33,763.18. This marks the second consecutive day of gains for the market.
Other Markets
The Shanghai Composite Index, which consists of Chinese companies, added 0.2% to reach 2,893.25. In Singapore, the FTSE Straits Times Index gained 0.3% to reach 3,197.27.
South Korea's KOSPI Composite Index weakened by 0.3% to reach 2,561.24. However, Australia's S&P/ASX 200 Benchmark Index gained 0.9% to reach 7,520.50.
Notable Changes in Hang Seng Index
Within the Hang Seng Index, Lenovo Group saw the largest increase on Tuesday with shares gaining 4.5%. Zhongsheng Group Holdings, a motor vehicle dealing firm, and Sinopharm Group, a pharmaceuticals company, also saw gains of 3.5% and 2.7% respectively.
On the other hand, Orient Overseas Intl, a marine transport company, experienced the largest decrease in Hong Kong with shares falling 7.2%. E-commerce firm Meituan and etailing company JD.com also saw declines of 4.6% and 3.2% respectively.
Notable Changes in Nikkei 225 Index
Within the Nikkei 225 Index, DeNA, an online service provider, saw the largest increase on Tuesday with shares gaining 9.1%. Omron, an environmental control systems firm, and Advantest Corp, a semiconductors company, also saw gains of 6.2% and 6.0% respectively.
Kawasaki Kisen Kaisha, a marine freight company, experienced the largest decline in Japan with shares falling 3.7%. Printing inks firm DIC Corp and electrical components/equipment company Kyocera weakened by 2.6% and 2.2% respectively.
