Asia-Pacific Stocks Mostly Rise

As of January 2, the Asia-Pacific stock market has shown mixed results.

Hong Kong Stocks Decline

The Hang Seng Index (HSI) in Hong Kong experienced a decline of 1.5%, with the index dropping to 16,788.55.

Other Market Performances

• China’s Shanghai Composite Index (SHCOMP) weakened by 0.4% to reach 2,962.28.
• Singapore stocks, represented by the FTSE Straits Times Index (STI), declined by 0.3% and settled at 3,231.41.
• South Korean stocks displayed positive performance, with the KOSPI Composite Index rising by 0.5% to hit 2,669.81.
• Australian stocks, reflecting the S&P/ASX 200 Benchmark Index (XJO), witnessed a 0.5% increase and reached 7,627.80.

Prominent Stock Movements

• Sands China (1928) observed the highest increase in the Hang Seng Index, as its shares gained 3.9%.
• Netease (9999), an online service providers firm, and China Shenhua Energy (1088), a coal mining company, witnessed an increase in their shares by 3.9% and 2.8%, respectively.
• China Rscs Beer Holdings (291), an alcoholic beverages/drinks company, faced a significant decrease of 8.3% in its shares.
• Longfor Group Holdings (960), a real estate services/transactions firm, and Xinyi Solar Holdings (968), a renewable energy equipment company, showed a decline of 7.0% and 6.4% in their shares, respectively.