China disappointment shapes Asia's worst and best stock markets in 2023

Hong Kong and Thailand sink with the mainland while Japan, Taiwan and India soar

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Hong Kong's Hang Seng Index was one of the worst performers among major Asian stock market benchmarks in 2023, owing to China factors. (Photo by Kenji Kawase)  

ECHO WONG and KENJI KAWASE, Nikkei staff writers

HONG KONG -- 2023 was a year of divergence for investors in Asian markets, as Japan's benchmark index touched a 33-year high, Hong Kong rounded out its fourth straight year of decline and India emerged as a leader in IPOs.

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