Stocks in Asia Pacific were a mixed bag

Stocks in Asia Pacific made mixed movements on Wednesday following the sentiments surrounding the
coronavirus pandemic continued to remain.
13,406.37. Hong Kong’s Hang Seng index also soared 0.42%, as of it neared the end of the trading day
Mainland Chinese stocks succeeded in maintaining its high positions they have had so far this week as
they led gains in the region for another day. The Shanghai composite closed by adding 1.74% at around
3,403.44 whereas the Shenzhen component surged 1.841% to end its trading day at about 13,406.37.
Hong Kong’s Hang Seng index also added 0.42%, as it neared the final hour of trading.
Stocks in mainland China have been showcasing a strong movement so far this week, with the Shanghai
composite going up nearly 6% on Monday. That came following the state-owned China Securities
Journal stated that investors should look forward to the “wealth effect of the capital markets” and the
prospect for a “healthy bull market.”
“There has been a lot of positive surprises in the market and that continue to fuel the market
sentiment…Near term, I think the positive sentiment will continue to be driving the market
performance,” Frank Tsui, senior fund manager at Value Partners, told CNBC’s “Street Signs Asia” on
Wednesday.

(Reference: CNBC)