Asia-Pacific stocks mostly increased Monday, Aug. 21, with shares in Hong Kong declining for the seventh day.
Among the Hang Seng Index constituents, computers/consumer electronics company Lenovo Group 992, +2.19% saw the largest increase Monday, as shares increased 2.2%. Shares of renewable energy equipment firm Xinyi Solar Holdings 968, -5.38% and life insurance company China Life Insurance 2628, -3.97% dropped 5.4% and 4.0%, respectively.
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State Street: We're still avoiding Hong Kong stocksBen Luk of State Street Global Markets says Hong Kong's market is undervalued and under owned, but there are 'a lot more opportunities' such as in the South Korean market.
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