© Reuters.
Asia-Pacific stock markets experienced significant declines on Friday, with major indices across the region closing in the red. Japan’s fell by 0.5%, Hong Kong’s by 0.7%, China’s and Singapore’s Straits Times Index both by 0.7%, South Korea’s Composite Index by 1.7%, and Australia’s Benchmark Index by 1.2%.
Among the key losers were ENN Energy Holdings in Hong Kong, which dropped by 4.8%, and Taiyo Yuden (OTC:) in Japan, which fell by 4.2%. Other companies facing losses included Shenzhou Intl Group, Mitsubishi Chemical Group, Baidu (NASDAQ:), and Ricoh.
Despite the overall downward trend, gains were seen in certain sectors. Orient Overseas Intl in Hong Kong rose by 2.9%, while Daiichi Sankyo in Japan surged impressively by 14.4%. Inpex Corp. saw a 2.2% increase, and Yokohama Rubber rose by 1.8%.
In the real estate sector, property management firm Country Garden Svcs and real estate services company New World Development also saw increases of 2.5% and 2.1% respectively, indicating some resilience amidst the general market downturn.
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