- Wednesday, October 16, 2024
February 28, 2022
Hong Kong Stock Market
As of February 28, the Hong Kong stock market experienced a decline, with the Hang Seng Index (HSI) down by 1.5% to 16,536.85. Among the constituents of the Hang Seng Index, real estate services company Longfor Group Holdings saw the largest decrease, with shares falling by 7.0% on this day.
Other notable decreases in Hong Kong included property managers firm Country Garden Svcs and sporting goods retailer Li Ning, whose shares dropped by 6.5% and 5.6%, respectively. On the other hand, online service providers company Netease witnessed the largest increase, with shares gaining by 4.6%. Real estate firms Henderson Land Devt and New World Development also saw positive movement, with shares rising by 3.8% and 2.9%, respectively.
Japan Stock Market
In Japan, the Nikkei 225 Index weakened by 0.1% to 39,208.03 on February 28. The environmental control systems company Omron faced the largest drop among Nikkei 225 constituents, with shares falling by 4.4%. Semiconductors firms SCREEN Holdings and Renesas Electronics also experienced decreases, with shares falling by 3.1% and 2.4%, respectively.
On a positive note, online service providers company DeNA saw a substantial increase in share value, soaring by 24.4%. Wires/cables firm Fujikura Ltd and electric power generation company Tokyo Electric Power also had a good day in the market, with shares rising by 7.2% each.
Additional Information
The Shanghai Composite Index in China declined by 1.9%, while the FTSE Straits Times Index of Singapore stocks weakened by 0.5%. South Korean stocks on the KOSPI Composite Index rose by 1.0%, and Australia's S&P/ASX 200 Benchmark Index remained flat.
This market update was provided using data from Dow Jones and FactSet.
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