Hong Kong Pounded While Japan Surges - InvestingChannel

Hong Kong Pounded While Japan Surges

Asia-Pacific markets were mixed as Hong Kong stocks led losses in the region, tumbling by 2% — dragged by real estate and technology stocks.

In Japan, the Nikkei 225 index returned from a long weekend to gain 102.63 points, or 0.3%, to 32,493.89. Japanese investors are bracing for key economic data later this week, including its trade balance and consumer price index figures for June.

In Hong Kong, the Hang Seng was battered 398.06 points, or 2.1%, to 19,015.72.

Australia sustained a second straight day of losses, as investors digest minutes from the Reserve Bank of Australia’s July meeting.

CHINA

In China, the CSI 300 lost 12.23 points, or 0.3%, to 3,854.94.

China’s top economic state planner vowed Tuesday to “restore and expand” consumption in a wide-ranging plan to bolster growth that includes boosting household income, improving business environment for private firms and stabilizing youth employment.

In other markets

In Singapore, the Straits Times Index deducted 0.17 points to 3,254.26.

In Korea, the Kospi Index subtracted 11.38 points, or 0.4%, to 2,607.62.

In Taiwan, the Taiex index lost 106.38 points, or 0.6%, to 17,227.91.

In New Zealand, the NZX 50 dropped 6.11 points, or 0.1%, to 11,932.81.

In Australia, ASX 200 ditched 14.74 points, or 0.2%, to 7,283.78.

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