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Asia-Pacific Shares Mostly Higher; Slow China Services Sector Growth Caps Shanghai IndexAlibaba reported profitability for its cloud computing business for the first time in a continued push to diversify its business beyond e-commerce.
Feb 03, 2021 11:39 AM GMT
The major Asia-Pacific stock indexes finished mixed but mostly higher on Wednesday after a majority of regional investors followed Wall Street’s positive lead. The lone loser was China which fell as a private survey showed China’s services sector activity growth slowing sharply in January.
Cash Market Performance
In the cash market on Wednesday, Japan’s Nikkei 225 Index settled at 28646.50, up 284.33 or 1.00%. Hong Kong’s Hang Seng Index finished at 29307.46, up 58.76 or +-0.20% and South Korea’s KOSPI Index closed at 3129.68, up 32.87 or +1.06%.