Nov. 9, 2021
The Asian stock markets showed a mixed performance on Thursday, November 9. While Hong Kong’s Hang Seng Index declined for the third consecutive day, other markets in the region experienced gains.
Hong Kong Market
The Hang Seng Index of Hong Kong, marked as HSI, dropped 0.3% to 17,511.29. The decline in the index was mainly attributed to the poor performance of property managers company Country Garden Svcs, which saw a significant drop of 7.6%. Meanwhile, retail REITs company Link Real Estate Inv Tr witnessed a rise of 2.9% in its shares. Additionally, shares of cell/mobile phones firm Xiaomi and online service providers company Netease increased by 2.4% and 1.7% respectively.
In Japan, the Nikkei 225 Index, marked as NIK, rose 1.5% to reach 32,646.46. The computers/consumer electronics company Casio Computer emerged as the top performer with a share increase of 7.0%. Video game consoles firm Nintendo and cosmetics/toiletries company Kao also gained significantly with a rise of 5.6% and 5.0% respectively. On the other hand, personal electronics company Sharp Corp. suffered a significant drop of 10.6% in its shares.
The Shanghai Composite Index of Chinese companies remained flat at 3,053.28, while Singapore’s FTSE Straits Times Index gained 0.2% to reach 3,135.55. In South Korea, the KOSPI Composite Index rose by 0.2%, and Australia’s S&P/ASX 200 Benchmark Index gained by 0.3%.