The Asia-Pacific region experienced varied stock market performance on Monday, January 8th, with Hong Kong’s market facing a fifth consecutive day of decline. Meanwhile, the Tokyo Stock Exchange in Japan remained closed.
Hong Kong Market
The Hang Seng Index (HSI) of Hong Kong companies weakened by 1.9%, settling at 16,224.45. The constituents of the Hang Seng Index witnessed some noteworthy shifts:
- Oil and gas exploration company CNOOC experienced the largest increase, with shares rising by 0.7%.
- Integrated banks firm HSBC PLC (HK Reg) and coal mining company China Shenhua Energy saw their shares rise by 0.5% and 0.4%, respectively.
- Glass/glass products company Xinyi Glass Holdings suffered the largest decline in Hong Kong, with shares weakening by 7.6% on Monday.
- Motor vehicle dealing firm Zhongsheng Group Holdings and e-commerce company Meituan saw a significant drop in shares, declining by 6.2% and 4.9%, respectively.
Other Asian Markets
China’s Shanghai Composite Index weakened by 1.4% to reach 2,887.54 points, while Singapore’s FTSE Straits Times Index rose slightly by 0.1% to reach 3,189.00 points. South Korea’s KOSPI Composite Index declined by 0.4% to reach 2,567.82 points. Additionally, the S&P/ASX 200 Benchmark Index of Australian stocks declined by 0.5%, reaching 7,451.50 points.
