Asian Markets Close Mixed: China and Hong Kong Gain, South Korea Plunges

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Asian stock markets closed mixed on July 20, 2026. The Shanghai Composite Index rose 32.13 points, or 0.85 percent, to 3,796.28, and the Hang Seng Index surged 580.81 points, or 2.36 percent, to 25,143.05, following reports that Chinese state-backed funds China Reform Holdings and China Chengtong Holdings increased their stock holdings and pledged to buy more. Meanwhile, South Korea's Kospi Composite Index tumbled 304.33 points, or 4.46 percent, to 6,516.27, weighed by concerns over the artificial intelligence industry and tensions in the Middle East. Australia's S&P/ASX 200 edged down 5.40 points, or 0.06 percent, to 8,791.30, ahead of labor data and PMI releases this week. Japanese markets were closed for Marine Day.

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China Chengtong Holdings Group LtdPrivate± Mixed
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China Reform Holdings Corporation LtdPrivate± Mixed
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