Monday, Aug. 14
Asia-Pacific stocks experienced significant declines on Monday, Aug. 14, with the Hong Kong market being particularly affected for the second consecutive day. Here are the key details:
Hong Kong Market
The Hang Seng Index (HSI) dropped by 1.6% to 18,773.55, indicating a significant decline in Hong Kong stocks.
Japanese Market
Japan’s Nikkei 225 Index also suffered a decline of 1.3%, closing at 32,059.91.
Chinese Market
The Shanghai Composite Index, which comprises Chinese companies, weakened by 0.3% to 3,178.43.
Singapore Market
Singapore’s FTSE Straits Times Index fell by 1.4% to 3,246.79.
South Korean Market
The KOSPI Composite Index of South Korean stocks fell by 0.8% to 2,570.87.
Australian Market
The S&P/ASX 200 Benchmark Index of Australian stocks saw a decline of 0.9% to 7,277.00.
Key Stock Movements in Hong Kong
- Real estate services/transactions company Country Garden Holdings (2007) witnessed the largest decrease in Hong Kong, with shares plunging by 18.4% on Monday.
- Property managers firm Country Garden Svcs (6098) and passenger cars company BYD Co Ltd (1211) also suffered losses of 9.7% and 6.2% respectively.
- Pharmaceuticals company CSPC Pharmaceutical Group (1093) stood out with a notable increase of 1.2% in Hong Kong.
Other Significant Stock Movements
In Hong Kong:
- Pharmaceuticals firm Sino Biopharmaceutical (1177) and mobile telecommunications company China Unicom (Hong Kong) (762) gained 1.0% and 0.9% respectively.
- Shipbuilding company Mitsui E&S (7003) experienced the largest drop in the Nikkei 225 Index, with shares weakening by 8.3% on Monday.
- Credit types/services firm Credit Saison (8253) and steel production company Pacific Metals (5541) suffered decreases of 6.1% and 5.0% respectively.
- Glass/glass products company Nippon Sheet Glass (5202) saw a notable increase, with shares jumping by 10.6% in Japan.
- Industrial ceramics firm NGK Insulators (5333) and personal electronics company Sharp Corp. (6753) also experienced gains of 10.0% and 6.0% respectively.
