Mixed Performance in Asia-Pacific Stock Markets

Asia-Pacific stocks displayed a mixed performance on Wednesday, September 13th, as several key markets experienced declines. Hong Kong's Hang Seng Index (HSI) continued its downward trend for the sixth consecutive day, falling by 0.1% to 18,009.22. Similarly, the Nikkei 225 Index (NIK) in Japan saw a decline of 0.2%, closing at 32,706.52.

In China, the Shanghai Composite Index (SHCOMP) dropped by 0.4% to reach 3,123.07. However, Singapore's FTSE Straits Times Index (STI) managed to buck the trend and gained 0.1%, reaching 3,218.68. South Korea's KOSPI Composite Index (180721) and Australia's S&P/ASX 200 Benchmark Index (XJO) both experienced a slight decline of 0.1% and 0.7%, respectively.

Within the Nikkei 225 Index constituents, NEXON (3659), a games software company, witnessed the largest decrease on Wednesday, as its shares fell by 4.1%. Similarly, Mitsui E&S (7003), a shipbuilding firm, and IHI Corp (7013), a diversified holding company, saw their shares drop by 3.4% and 3.0% respectively.

On a positive note, Yokohama Rubber (5101), a tires company in Japan, experienced a significant increase of 5.2% in its share price. East Japan Railway (9020), a rail passenger transport firm, and Kawasaki Kisen Kaisha (9107), a marine freight company, also witnessed a rise of 3.5% and 3.4% respectively.

Among the Hang Seng Index constituents, Sinopharm Group (1099), a pharmaceuticals company, saw the largest drop in Hong Kong, with shares weakening by 3.6% on Wednesday. Similarly, BYD Co Ltd (1211), a passenger car firm, and Li Ning (2331), a sporting goods retailing company, experienced declines of 2.7% and 2.3% respectively.

However, shares of Sunny Optical Technology (2382), an optical instruments company, experienced a notable increase in Hong Kong, with shares rising by 3.1% on Wednesday. HSBC PLC (HK Reg) (5), an integrated banks firm, and Henderson Land Devt (12), a real estate services/transactions company, also saw gains of 1.8% and 1.7% respectively.