Asia-Pacific markets experienced a mixed trading session on Friday, with Hong Kong’s financial landscape facing notable challenges. The Hang Seng Index saw a significant decline of 2.19%, closing at 23,689.72. This drop was primarily attributed to weaker performance in the healthcare and consumer cyclical sectors, reflecting broader concerns regarding the uncertainties surrounding the U.S. economy.
Mainland China’s stock market followed suit, with the CSI 300 index decreasing by 1.52%, ultimately closing at 3,914.7. Investor sentiment remained cautious, driven by the ripple effects of global economic uncertainties.
In Japan, the Nikkei 225 index experienced a slight decline of 0.2%, finishing at 37,677.06. Conversely, the broader Topix index managed to gain 0.29%, closing at 2,804.16, marking its seventh consecutive day of increases. Earlier in the session, the Topix reached an intraday peak of 2,818.04, a notable high not seen since July 2024, showcasing its resilience amidst fluctuating market conditions.
South Korea’s Kospi index continued its upward trend, adding 0.23% to reach 2,643.13 and achieving five consecutive days of gains. However, the small-cap Kosdaq index faced some pressure, slipping by 0.79% to close at 719.41.
In Australia, the S&P/ASX 200 index showed modest growth, trading 0.16% higher and finishing the day at 7,931.2. This gain reflects a stabilizing sentiment in the market as investors weigh the implications of global economic developments.
