It was a tough day for the technology shares in Asia, following losses seen by their counterparts in the U.S. Moreover, mainland Chinese stocks fell on September 24.
Importantly, in Japan conglomerate, SoftBank Group saw its stock drop 4.52% on September 24.
Also, Kakao in South Korea fell 3.69%.
Importantly, Hong Kong-listed shares of Chinese smartphone maker Xiaomi declined 4.84%. Shares of Chinese tech giant Tencent fell 1.75%.
The Hang Seng Tech index dropped 3.35% on the day to 7’054.28. At the same time, shares of Taiwan Semiconductor Manufacturing Company in Taiwan fell 2.42%.
Mainland Chinese stocks on September 24
As mentioned earlier, mainland Chinese stocks declined on Thursday. However, let’s have a look at other stocks as well.
Unfortunately, tensions between North Korea and South Korea from time to time create problems for the stocks.
As a result, South Korean stocks fell on September 24 due to the tensions on the Korean peninsula.
South Korea’s Kospi index declined 2.59% to close at 2’272.70. The Kosdaq index fell 4.33% to end its trading day at 806.95.
Based on the information provided by South Korea’s defense ministry, North Korea killed a missing official from South Korea this week.
Shares of South Korean defense firm Victek soared 25.13% after the announcement. Nevertheless, North Korea exposed stocks Hamil Hyundai Cement and Hyundai Elevator suffered losses.
Notably, Asia-Pacific markets also fell on Thursday, following an overnight drop in the U.S.
Hong Kong’s Hang Seng index declined 1.82% to close at 23’311.07. Also, mainland Chinese stocks fell on the day. The Shanghai Composite fell 1.72% to approximately 3’223.18 and the Shenzhen Component dropped 2’238% to about 12’816.61.
The Taiex in Taiwan fell 2.54% to close at 12’264.38.
Japanese stocks also fell on September 24. The Nikkei 225 declined 1.11% to finish its trading day at 23’087.82. Meanwhile, the Topix index fell 1.08% to 1’626.44.
Australia’s S&P/ASX 200 declined 0.81% to 5’875.90.