Wednesday, Jan. 3
Asia-Pacific stocks showed a mixed performance on Wednesday, with Hong Kong experiencing a decline for the second consecutive day. While Hong Kong's Hang Seng Index weakened by 0.8% to reach 16,646.41, the Tokyo Stock Exchange in Japan remained closed.
On the other hand, China's Shanghai Composite Index reported a gain of 0.2% to reach 2,967.25, while Singapore's FTSE Straits Times Index fell by 0.9% to 3,202.15. South Korea's KOSPI Composite Index experienced a significant fall of 2.3% to reach 2,607.31, and Australia's S&P/ASX 200 Benchmark Index declined by 1.4% to reach 7,523.20.
Among the constituents of the Hang Seng Index, China Resources Beer Holdings saw the largest increase on Wednesday, with shares gaining 3.0%. Furthermore, Haidilao International Holding, a full-service restaurant firm, saw a gain of 1.6%, and Xinyi Glass Holdings, specializing in glass products, witnessed an increase of 1.5%.
However, JD Health International, a prominent pharmacy/drugstores company experienced the largest decrease in Hong Kong on Wednesday, as its shares fell by 5.9%. Similarly, shares of Lenovo Group, a leading computers/consumer electronics firm, witnessed a decline of 4.5%. Additionally, MTR, a rail passenger transport company, reported a weakening of 4.2%.
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