China and Hong Kong’s Stocks Pulled Asia Up by 95% and 94%

On Monday, August 9, China and Hong Kong’s stocks pulled the Asia Pacific up from its early morning fall. The Shanghai and Hang Seng index both rose 95% and 94%, respectively.

In China, the Shanghai Composite Index climbed 0.95% with a net gain of $32.68. This sent the stocks higher at $3,490.91 per share.

Beijing Seeyon Internet Software Corp. A led the benchmark’s gains as it spiked 12.35% or 8.30 points to $11.66 per share.

Cabio Biotech (Wuhan) Co. Ltd. A followed as it also soared 10.94% or 5.38 points to $8.42 per share.

Then, HPGC Renmin Tongtai Pharmaceuticals Corp A also jumped 10.07% or 0.55 points to $0.93 per share.

In Hong Kong, the Hang Seng Index progressed 0.94% with a net gain of $245.10. This sent the stocks up at $26,424 per share.

Its top performers include Haidilao International Holding Ltd which improved 5.79% or 1.60 points to $3.76 per share.

Then, Meituan smashed 5.24% or 11.20 points to $28.91 per share. Also, China Resources Land Ltd boosted 5.19% or 1.35 points to $3.51 per share.

Moreover, the Shenzhen Component Index of China advanced 0.37% with a net addition of $55.36. This sent the stocks up at $14,882.77 per share.

Additionally, Japan’s Nikkei 225 and TOPIX index both raised 0.33% or 91.92 points to $27,820 and 0.02% or 0.36 points to $1,929.34, respectively.

Furthermore, South Korea’s KOSPI and Australia’s S&P/ASX 200 both grew 0.11%. 

The former had a net increase of $3.46 to 3,273.82 while the latter had a net gain of $8.60 to $7,547.00 per share.

Global Stocks Mixed

In addition, as China pushed Asia stocks up, the stock markets of the United States and Europe were mixed.

On Wall Street, the NASDAQ Composite Index plummeted 0.40% with a net loss of $59.36. This sent the stocks lower at $14,836 per share.

While the Dow Jones Industrial Average and the S&P 500 Index both climbed 0.41% to $144.26 and 0.17% to $4,437, respectively.

In Europe, Germany’s DAX gained 0.11% to $15,761 per share while the MDAX Performance Index declined 0.45% to $35,566 per share.

In the London Stock Exchange, the FTSE 100 Index hopped 0.04% to $7,123 per share while the FTSE All Share Index slipped 0.02% to $4,089 per share.

Additionally, France’s CAC 40 Index progressed 0.53% or 35.77 points to $6,817 per share.