Asian stock markets had a mixed performance on Thursday as Chinese Shares See Gains, Japan and Hong Kong Slip

In mainland China, the Shanghai Composite Index fluctuated within a narrow range, while the ChiNext Index rebounded after an early decline. Over 3,300 stocks in Shanghai, Shenzhen, and Beijing posted gains. Sectors such as AI glasses, AI healthcare, silicones, and robotics led the market, while Tencent Cloud, gaming, insurance, and shipping stocks declined. Total trading volume reached 1.79 trillion yuan.

In Japan, the Nikkei 225 fell 1.24%, and the Topix dropped 1.18%. Rakuten lost nearly 4%, Tokyo Electron fell over 3%, while Nintendo, Fujikura, Lasertec, and SoftBank Group declined more than 2%. Mitsubishi UFJ Financial and Sumitomo Mitsui Financial both slipped nearly 2%. On the upside, Toto (5332.JP) rose 5.02% to 3,996 yen, marking the biggest gain among Nikkei 225 components.

Hong Kong stocks retreated, with the Hang Seng Tech Index down more than 3%. Tech stocks weakened, with Kuaishou falling over 7%, while some pharmaceutical stocks gained, led by Zhaoyan New Drug, which jumped more than 22%.

South Korea’s Kospi index ended its seven-day winning streak, falling 0.7% to 2,654.06 after the country reported higher producer prices for January. The Kosdaq dropped 1.3% to 768.27.

As of the time of reporting, Southeast Asian markets were still trading. Singapore’s STI Index was down 0.14% at 3,928.42, while Malaysia’s FTSE Bursa Malaysia KLCI slipped 0.20% to 1,577.67.