Asian Markets Mostly Rose on Thursday Amid Broad Gains in Chinese and Hong Kong Stocks

Asian markets mostly rose on Thursday, February 6, with A-shares and Hong Kong stocks leading the gains. Investor sentiment was boosted by a broad rally in technology and growth sectors, while easing concerns over U.S. tariffs supported risk-on positioning in the Korean market.

China’s Mainland Market ended the day strong, with broad-based gains across sectors. The Shanghai Composite Index rose 1.27%, closing at 3,270.66 points, while the Shenzhen Component Index jumped 2.26% to 10,393.63 points. Technology-related stocks led the rally, with sectors such as DEEPSEEK-related driving market optimism.

In Hong Kong, Hang Seng Index surged 1.43% to 20,886.01 points, while the Hang Seng Tech Index soared 2.62%. BYD Electronics spiked over 19%, and BYD Company Limited gained more than 11%, pushing the overall market higher. The China Enterprises Index also rose 1.64%, driven by a broad recovery in technology and industrial stocks.

Japan’s Nikkei 225 Index gained 0.61%, closing at 38,831.48 points, supported by strong performances from Renesas Electronics (+12%), Nissan Motors (+7%), and heavyweights such as Mitsubishi Heavy Industries, Shin-Etsu Chemical, Nintendo, and Panasonic, all posting gains of over 2%. The TOPIX advanced 0.25%, reflecting a positive trend across key sectors.

South Korea’s KOSPI Index rose 1.1%, closing at 2,509.27 points, as concerns over U.S. tariffs eased. Foreign and institutional investors were net buyers, providing further support for the index.

Other Asian Markets, as of 16:24 SGT, showed a mixed performance. Singapore’s Straits Times Index (^STI) gained 0.32% to 3,827.50 points, while India’s S&P BSE Sensex (^BSESN) slipped 0.53% to 77,857.64 points. Indonesia’s Jakarta Composite Index (^JKSE) dropped 2.58% to 6,842.92 points as of 16:29 SGT.