Asia-Pacific stocks mostly advanced on Thursday, with significant gains in Japan and Hong Kong leading the charge. The Nikkei 225 Index NIK in Japan rose, bolstered by strong performances from Kikkoman and SCREEN Holdings, despite setbacks from Yamaha and Orix (NYSE:IX). Notably, Advantest Corp's shares surged by 10%.
Hong Kong's Hang Seng Index HSI followed suit with a 0.8% increase, propelled by a 6.7% gain by Link Real Estate Inv Tr and a 6% rise by Xiaomi (OTC:XIACF). Henderson Land (OTC:HLDCY) Devt also contributed to the upward trend with a 4.6% increase. However, Wuxi Biologics (Cayman) experienced the largest drop in Hong Kong.
Meanwhile, the Shanghai Composite Index SHCOMP in China dipped, marked by a notable drop from Sinopharm Group. Despite this downturn, other markets in the region saw modest increases. Singapore's FTSE Straits Times Index STI and Australia's S&P/ASX 200 Benchmark Index XJO both rose slightly.
South Korean stocks on the KOSPI Composite Index outperformed other regional markets with a solid 1.8% gain. On the other hand, Haidilao Intl Hldg and Astellas Pharma saw declines in China and Japan respectively, tempering some of the region's overall growth.
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