Many stocks in the Asia-Pacific region experienced declines on Friday, Aug. 25.
Hong Kong's Hang Seng Index Weakens
Hong Kong's Hang Seng Index (HSI) weakened by 1.4% to reach 17,956.38.
Japanese Companies Face Decrease in Stock Prices
The Nikkei 225 Index (NIK) of Japanese companies dropped by 2.1% to 31,624.28.
Decreases in Chinese and Singapore Stocks
China's Shanghai Composite Index (SHCOMP) went down by 0.6% to reach 3,064.07, while the FTSE Straits Times Index (STI) of Singapore stocks gained 0.3% to 3,188.95.
South Korean and Australian Stocks Face Decline
The KOSPI Composite Index (180721) of South Korean stocks declined by 0.7% to 2,519.14, and the S&P/ASX 200 Benchmark Index (XJO) of Australian stocks dropped by 0.9% to 7,115.20.
Semiconductors Companies Decrease in Value
Among the constituents of the Nikkei 225 Index, Advantest Corp (6857), a semiconductors company, saw the largest decrease as its shares dropped by 10.0%. Tokyo Electron (8035) and SCREEN Holdings (7735), two other semiconductors firms, weakened by 5.9% and 3.4%, respectively.
Diversified Holding Companies See Increase in Value
In Japan, IHI Corp (7013), a diversified holding companies company, saw the largest increase as its shares added 2.0%.
Rise in Shares of Chemicals and Non-Ferrous Metals Firms
Shares of Kuraray Co Ltd (3405), a chemicals firm, and Mitsui Mining & Smelting (5706), a non-ferrous metals company, rose by 1.7% and 1.4%, respectively.
Decrease in Gas Utilities Company Shares
Among the constituents of the Hang Seng Index, ENN Energy Holdings (2688), a gas utilities company, saw the largest decrease in Hong Kong as its shares tumbled by 16.2% on Friday.
Drops in Shares of Online Service Providers and Real Estate Services/Transactions Firms
Shares of Netease (9999), an online service providers firm, and New World Development (17), a real estate services/transactions company, dropped by 6.7% and 5.8%, respectively.
Increase in Shares of Property Managers Company
In Hong Kong, Country Garden Svcs (6098), a property managers company, saw the largest increase on Friday as its shares gained 5.3%.
Rise in Shares of Real Estate Services/Transactions and Motor Vehicle Dealing Firms
Shares of Country Garden Holdings (2007), a real estate services/transactions firm, and Zhongsheng Group Holdings (881), a motor vehicle dealing company, increased by 5.2% and 2.8%, respectively.
Consumer Companies Rebound on Strong Earnings
Oil M&A in a Changing Landscape
Related Articles
Edgewell Personal Care's Profit Drops in Q4
Edgewell Personal Care reports a decline in profit for Q4, with lower sales and increased overhead costs. Despite this, sales figures fared better than expected...
Cryptocurrency Market Update
Large cryptocurrencies have mixed results, with Solana declining and Ethereum climbing. Five other currencies show reductions. Read about notable movements in t...
FedEx Lowers Sales Forecast for Fiscal 2024
Shares of FedEx dropped as the company revised its sales forecast for fiscal 2024, disappointing investors. Concerns about shipping demand and challenges in a c...