Asian Markets Close Mixed on February 11, with Hong Kong and China Leading Losses

Asian markets saw mixed performance on Tuesday, February 11, with losses in Hong Kong and China markets dragging down the overall sentiment. Investor concerns over global economic growth weighed on market performance, while some regional stocks remained resilient despite broader volatility.

China’s market experienced broad-based declines, with the Shanghai Composite Index falling 0.12% to 3,264.50 points, and the Shenzhen Component Index dropping 0.69% to 10,222.40 points. The technology sector, particularly in small-cap stocks, contributed to the overall weakness.

Hong Kong's Hang Seng Index closed 1.06% lower at 20,150.80 points, with the Hang Seng Tech Index sliding 2.73%. Chinese automaker stocks, especially Xpeng Motors, were heavily impacted, pulling the overall market lower. The China Enterprises Index dropped 1.64%, reflecting the broader underperformance in both technology and industrial sectors.

Other Asian markets showed mixed results. South Korea’s KOSPI Index rose 0.71%, closing at 2,539.05 points. Meanwhile, Singapore’s Straits Times Index fell 0.41%, closing at 3,859.20 points. In India, the S&P BSE Sensex dropped 1.33%, closing at 76,285.83 points, while Indonesia’s Jakarta Composite Index lost 2.03%, ending at 6,513.35 points.

Japan was closed for the National Foundation Day holiday today.