Asian Markets Mixed on Monday, February 24, with China’s A-shares and Hong Kong Tech Stocks Declining

 

Asian markets experienced a mixed session on Monday, February 24, with China’s A-shares showing weakness and Hong Kong markets declining across the board. Tech stocks in Hong Kong saw heavy losses, while the CRO sector also faced significant declines. In contrast, gambling and property stocks in Hong Kong bucked the trend, showing resilience.

 

China’s A-shares showed a subdued performance, with the Shanghai Composite Index down 0.18%, closing at 3,373.03 points, and the Shenzhen Component Index down 0.08%, finishing at 10,983.04 points. The ChiNext Index fell 0.67%, closing at 2,266.24 points. Education, healthcare services, medical devices, and software development sectors underperformed, reflecting broader market caution.

 

In Hong Kong, the Hang Seng Index closed lower, down 0.58%, or 136.31 points, at 23,341.61 points, with a turnover of 3,560.31 billion HKD. The Hang Seng China Enterprises Index dropped 0.55%, closing at 8,618.88 points, and the Hang Seng Tech Index fell 1.19%, finishing at 5,789.52 points. The CRO sector saw sharp declines, while gambling stocks and mainland property stocks showed gains despite the broader market weakness.

In other Asian markets，South Korea’s KOSPI fell 0.35%, closing at 2,645.27 points, while Malaysia’s FTSE Bursa Malaysia KLCI decreased by 0.43%, reaching 1,584.13 points. In India, the S&P BSE Sensex fell 1.17%, closing at 74,430.96 points, while Indonesia’s Jakarta Composite Index fell 0.86%, closing at 6,744.39 points. as of 16:10 SGT.

 

Japan remained closed for the Emperor's Birthday holiday today.