🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Asian-Pacific Indices Dip; Select Firms Buck the Trend

EditorVenkatesh Jartarkar
Published 10/23/2023, 08:06 AM
© Reuters.
AXJO
-
JP225
-
KS11
-
STI
-
4911
-
6857
-
5541
-

Asian-Pacific stock markets, including Japan's Nikkei 225 Index, China's Shanghai Composite Index, Singapore's FTSE Straits Times Index, South Korea's KOSPI Composite Index, and Australia's S&P/ASX 200 Benchmark Index, experienced a dip today. Despite the broader market downturn, the Hong Kong Stock Exchange remained closed.

While the overall market was in decline, there were some notable exceptions. Shares of Shiseido, a cosmetics firm listed on the Nikkei 225 Index, along with pharmaceutical firms Daiichi Sankyo and Astellas Pharma, managed to swim against the current. Their stocks rose by 3.3%, 2.9%, and 2.7% respectively.

On the other end of the spectrum, Pacific Metals, a steel production company, experienced the day's largest share drop with a fall of 4.8%. Integrated oil/gas firm ENEOS Holdings and semiconductors company Advantest Corp also faced a tough day with their stock value declining by 3.0%.

The contrasting performance of these companies amidst an overall market decline illustrates the diverse dynamics at play in today's Asian-Pacific stock markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.