Asia-Pacific Stocks Rise as Japanese Shares Climb for Third Day
Japan's Nikkei 225 Index Soars
Japanese shares continued their upward trend for the third consecutive day. The Nikkei 225 Index NIK, +2.89% surged by 2.9% to reach 37,963.97. However, the Hong Kong Stock Exchange remained closed on Tuesday.
Singapore and South Korea Stocks Show Modest Gains
In Singapore, the FTSE Straits Times Index STI, +0.05% saw a slight increase of 0.1% to reach 3,139.94. Meanwhile, China's Shanghai Stock Exchange was closed for the day. In South Korea, the KOSPI Composite Index 180721, +1.12% rose by 1.1% to reach 2,649.64. On the other hand, Australia's S&P/ASX 200 Benchmark Index XJO, -0.15% experienced a slight dip of 0.1% to reach 7,603.60.
Notable Gains and Losses
Among the constituents of the Nikkei 225 Index, Tokyo Electron 8035, +13.33%, a semiconductor company, experienced the largest increase with shares surging by 13.3%. Tokio Marine Holdings 8766, +11.00%, a non-life insurance firm, and MS&AD Insurance Group 8725, +10.82%, a full-line insurance company, also saw substantial gains of 11.0% and 10.8% respectively.
However, JGC Holdings 1963, -17.45%, an industrial building construction company, faced the biggest drop on Tuesday with shares plunging by 17.5%. Nippon Paper Industries 3863, -15.71%, a paper mills firm, and DeNA 2432, -7.27%, an online service providers company, also experienced declines of 15.7% and 7.3% respectively.
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