After yesterday’s big fall, the Hang Seng Index rose marginally today. The index gained 0.13% to end at 28,222. The index opened considerably lower than yesterday’s close but gained in early trading. Afterward, the index remained within a narrow range to end the day on a slightly positive note.
The healthcare sector was the big winner with 3.11% gains, while utilities lost 0.74%. Out of 50 stocks in the index, 27 gained while 22 lost. Tencent (TCEHY) holdings lost marginally today. Yesterday, the ADRs of Tencent Holdings lost 2.68%. On June 25, the iShares MSCI Hong Kong ETF (EWH) lost a percent.
Japan’s Nikkei 225 was the biggest loser among the key developed APAC indexes. The index lost 0.51% to end at 21,087. Out of 225, only 60 stocks in the index gained, while 162 retreated. Among the sectors, only the healthcare sector ended in the green. The broader TOPIX Index lost 0.59% today.
Yesterday, the iShares MSCI Japan ETF (EWJ) lost 0.44%, mimicking Nikkei 225’s yesterday’s loss. ADRs of Sony (SNE) were trading 2.1% lower in pre-market trading at 4:15 AM today in spite of Sony ending flat on the Tokyo Stock Exchange.