News

Stocks in the Asia-Pacific Region Rise

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Andrew R. Michaud

• September 14, 2023

Stocks in the Asia-Pacific region experienced mostly positive gains on Thursday, September 14th. Let's take a closer look at the performance of various indices and key companies.

Hong Kong Stocks

The Hang Seng Index (HSI) of Hong Kong companies witnessed a 0.2% increase, reaching 18,047.92.

Japanese Stocks

Japanese companies also saw a boost, with the Nikkei 225 Index (NIK) rising by 1.4% to reach 33,168.10.

Chinese Stocks

China's Shanghai Composite Index (SHCOMP) gained 0.1%, reaching 3,126.55.

Singapore Stocks

The FTSE Straits Times Index (STI) saw a healthy 0.9% increase, reaching 3,246.31.

South Korean Stocks

South Korean stocks experienced significant growth, as the KOSPI Composite Index rose by 1.5% to reach 2,572.89.

Australian Stocks

In Australia, the S&P/ASX 200 Benchmark Index (XJO) increased by 0.5%, reaching 7,186.50.

Notable Performers

Among the constituents of the Nikkei 225 Index, JGC Holdings (1963) saw the largest increase on Thursday, with shares rising by an impressive 6.0%.

In Japan, Idemitsu Kosan (5019), an oil exploration firm, and Mitsui E&S (7003), a shipbuilding company, also had a noteworthy performance, with their shares increasing by 4.8% and 4.5% respectively.

Kubota (6326), an agricultural machinery company, experienced a drop of 1.6% on Thursday.

In Hong Kong, PetroChina (857), an integrated oil and gas company, had the largest increase, with shares rising by 5.8%.

Notable performers in Hong Kong also included CNOOC (883), an oil and gas exploration firm, and Orient Overseas Intl (316), a marine transport company, with their shares increasing by 5.0% and 4.6% respectively.

Decliners

In Japan, Kawasaki Kisen Kaisha (9107), a marine freight firm, and Toho Co Ltd (9602), a cinema film production company, saw decreases of 1.3% and 1.1% respectively.

Country Garden Svcs (6098), a property managers company, experienced the largest decrease in Hong Kong, with shares falling by 5.9% on Thursday.

Li Ning (2331), a sporting goods retailing firm, and Tingyi Cayman Islands (322), a food products company, also saw declines of 2.8% and 2.7% respectively.