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May 13, 2023Asia-Pacific stocks mostly climbed Monday, June 5, with shares in Japan increasing for the third session and the Hong Kong market up for two consecutive days.
Hong Kong's Hang Seng Index HK:HSI added 0.8% to 19,108.50, while Japan's Nikkei 225 Index JP:NIK added 2.2% to 32,217.43.
China's Shanghai Composite Index CN:SHCOMP added 0.1% to 3,232.44, and Singapore's FTSE Straits Times Index SG:STI increased 0.6% to 3,186.46. South Korea's KOSPI Composite Index KR:180721 increased 0.5% to 2,615.41, while Australia's S&P/ASX 200 Benchmark Index AU:XJO rose 1.0% to 7,216.30.
Among Nikkei 225 Index constituents, construction machinery company Hitachi Construction Mach JP:6305 saw the largest increase Monday, as shares added 7.0%.
Shares of passenger cars firm Mazda Motor JP:7261 and industrial electrical equipment company Yaskawa Electric JP:6506 increased 6.7% and 6.5%, respectively.
Also in Japan, electric power generation company Tokyo Electric Power JP:9501 saw the largest decline Monday, as shares fell 3.6%
Shares of e-commerce firm Rakuten Group JP:4755 and electric power distribution company Chubu Electric Power JP:9502 weakened 1.7% and 0.8%, respectively.
Of the the Hang Seng Index constituents, semiconductors company Semiconductor Mfg Intl HK:981 saw the largest increase Monday, as shares gained 6.3%.
Shares of diversified holding companies firm CK Infrastructure Hldgs HK:1038 and banking company Hang Seng Bank HK:11 gained 3.1% and 2.7%, respectively.
Shares of real estate services/transactions company Country Garden Holdings HK:2007 saw the largest drop in Hong Kong, as shares weakened 3.9% on Monday.
Shares of aluminum firm China Hongqiao Group HK:1378 and property managers company Country Garden Svcs HK:6098 fell 3.8% and 3.8%, respectively.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Even as major tech stocks touch new highs for 2023, investors are fleeing equity funds in favor of fixed-income alternatives, according to LSEG Lipper data.
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