Hong Kong and Japanese Stocks Rise, Chinese Stocks Weaken
Asia-Pacific stocks experienced mostly positive growth on Thursday, July 27. The Hang Seng Index (HK:HSI) in Hong Kong showed substantial gains, increasing by 1.4% to reach 19,639.11. Similarly, the Nikkei 225 Index (JP:NIK) of Japanese companies saw a rise of 0.7% to reach 32,891.16.
Mixed Performance in China and Singapore
However, the Shanghai Composite Index (CN:SHCOMP) of Chinese companies weakened slightly by 0.2% to 3,216.67. In Singapore, the FTSE Straits Times Index (SG:STI) managed to gain 0.9%, reaching 3,335.15.
South Korean and Australian Stocks Rise
On the other hand, the KOSPI Composite Index (KR:180721) of South Korean stocks increased by 0.4%, reaching 2,603.81. Australian stocks displayed positive growth as well, with the S&P/ASX 200 Benchmark Index (AU:XJO) rising by 0.7% to reach 7,455.90.
Stock Movements
Within the Hang Seng Index constituents, real estate services/transactions company Country Garden Holdings (HK:2007) experienced the largest increase on Thursday, as its shares soared by 11.8%.
Shares of property managers firm Country Garden Svcs (HK:6098) and passenger cars company Geely Automobile Holdings (HK:175) also performed well, with gains of 9.4% and 8.6% respectively.
However, shares of renewable energy generation company China Resources Power (HK:836) faced a decline of 2.4% in Hong Kong.
Meanwhile, shares of integrated oil/gas firm China Petro & Chem (HK:386) and gold ore mining company Zijin Mining Group (HK:2899) weakened by 1.8% and 1.2% respectively.
Turning to the Nikkei 225 Index constituents, personal electronics company Sharp Corp. (JP:6753) observed the largest increase on Thursday, with shares gaining 5.7%.
Shares of basic inorganic chemicals firm Tokuyama (JP:4043) and paper mills company Nippon Paper Industries (JP:3863) also performed well, recording gains of 4.0% and 3.6% respectively.
In contrast, digital marketing company CyberAgent (JP:4751) faced a decline of 10.7% in Japan.
Shares of basic organic chemicals firm Nitto Denko (JP:6988) and passenger cars company Nissan Motor (JP:7201) also fell by 4.5% and 2.9% respectively.
