The stock indexes of the largest countries in the Asia-Pacific region (APR) are mainly falling during trading on Wednesday, with the exception of the Japanese indicator.
The Hong Kong Hang Seng index fell 1.5% by 8:23 pm. China’s Shanghai Composite fell 0.8%.
Earlier this week, China’s National Bureau of Statistics (NSO) unexpectedly postponed the release of third-quarter GDP data, scheduled for Tuesday, as reported. This increased uncertainty about the outlook for the Chinese economy, writes Trading Economics.
Shares of biopharmaceutical company Wuxi Biologics (Cayman) Inc. are among the biggest losers in Hong Kong. (-6.3%), developer New World Development Co. Ltd. (-5.6%) and sporting goods manufacturer Li Ning Co. Ltd. (-4.8%).
Shares of online retailer Alibaba (SPB: BABA) shed 2.8%.
The value of the Japanese Nikkei 225 index increased by 0.5%.
Growth leaders among the components of the index are shares of technology SoftBank Group (+3.7%) and electricity producers Tokyo Electric Power Co. Holdings Inc. (+2.9%) and Kansai Electric Power Co. Inc. (+2.5%).
The price of securities of clothing retailer Fast Retailing rose by 1.3%, consumer electronics manufacturer Sony Group – by 0.5%.
South Korean index Kospi fell by 0.1%.
The market value of one of the world’s largest chip manufacturers Samsung Electronics Co. decreased by 1.2%, automaker Hyundai Motor – increased by 0.3%.
The Australian S&P/ASX 200 fell 0.3%.
Shares of the world’s largest mining companies BHP Group and Rio Tinto fell 1% and 0.3%, respectively.
