Stocks in the Asia-Pacific region dropped Tuesday, Jan. 31, with the Hong Kong market declining for the second day.
Hong Kong stocks weakened, with the Hang Seng Index
down 1.0% at 21,842.33, while the Nikkei 225 Index
of Japanese companies dropped 0.4% to 27,327.11.
The Shanghai Composite Index
of Chinese companies weakened 0.4% to 3,255.67, and The FTSE Straits Times Index
of Singapore stocks dropped 0.4% to 3,365.67. South Korea’s KOSPI Composite Index
dropped 1.0% to 2,425.08, while Australia’s S&P/ASX 200 Benchmark Index
declined 0.1% to 7,476.70.
Among the Hang Seng Index constituents, real estate services/transactions company Hang Lung Properties
saw the largest decrease in Hong Kong, as shares weakened 5.3% on Tuesday.
Shares of pharmaceuticals firm Sino Biopharmaceutical
and real estate services/transactions company New World Development
fell 5.0% and 4.5%, respectively.
Shares of passenger cars company BYD Co Ltd
saw the largest increase in Hong Kong on Tuesday, as shares gained 2.3%.
Shares of e-commerce firm Xiaomi
and portable power tools company Techtronic Industries
increased 1.7% and 1.7%, respectively.
Of the Nikkei 225 Index constituents, aluminum company Nippon Light Metal Hldgs
saw the largest decrease Tuesday, as shares fell 6.3%
Shares of pharmaceuticals firm Daiichi Sankyo
and banking company Resona Holdings
dropped 4.9% and 3.2%, respectively.
Also in Japan, electric power distribution company Chubu Electric Power
saw the largest increase Tuesday, as shares rose 8.6%.
Shares of gas utilities firm Tokyo Gas
and electric power generation company Tokyo Electric Power
gained 7.3% and 3.9%, respectively.