Stocks in the Asia-Pacific region displayed a mix of gains and losses on Monday, Jan. 22. While the Japanese market saw a second consecutive day of increases, shares in Hong Kong declined for the second day.
Hong Kong Stocks Decline
Hong Kong stocks experienced a decline, with the Hang Seng Index (HK:HSI) down 2.3% at 14,961.18. On the other hand, Japan’s Nikkei 225 Index (JP:NIK) added 1.6% to reach 36,546.95.
Performance of Other Markets
The Shanghai Composite Index (CN:SHCOMP) of Chinese companies fell 2.7% to 2,756.34, while The FTSE Straits Times Index (SG:STI) of Singapore stocks declined marginally by 0.1% to 3,149.03. South Korea’s KOSPI Composite Index (KR:180721) dropped 0.3% to 2,464.35, whereas Australia’s S&P/ASX 200 Benchmark Index (AU:XJO) rose by 0.7% to reach 7,476.60.
Notable Stock Performances
Among the Hang Seng Index constituents, China Merchants Bank (HK:3968) witnessed the biggest increase as shares climbed by 0.8%. Lenovo Group (HK:992), a computers/consumer electronics firm, and CK Infrastructure Hldgs (HK:1038), a diversified holding company, gained 0.6% and 0.1% respectively.
In Hong Kong, China Resources Land (HK:1109), a real estate services/transactions company, experienced the largest decline as shares plunged by 11.1% on Monday. Meanwhile, Longfor Group Holdings (HK:960), a real estate services/transactions firm, and JD Health International (HK:6618), a pharmacies/drugstores company, fell 10.5% and 6.8%, respectively.
Among the Nikkei 225 Index constituents, M3 (JP:2413), a database/directory publishing company, saw the largest increase as shares added 6.4%. Yamaha Motor (JP:7272), a motorcycles firm, and SCREEN Holdings (JP:7735), a semiconductors company, recorded gains of 6.3% and 5.0% respectively.
Recruit Holdings (JP:6098), a human resources consulting company, experienced the largest drop in Japan as shares weakened by 1.2%. Similarly, Takara Holdings (JP:2531), a distilling firm, and Asahi Group Holdings (JP:2502), an alcoholic beverages/drinks company, fell 1.1% and 1.0%, respectively.