Greater China Stocks Rise; Hong Kong Posts Largest Increase

Dow Jones
2024-12-18

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China gained on Wednesday.

Hong Kong's Hang Seng Index gained 1.0% to 19904.46, and China's Shanghai Composite Index rose 0.6% to 3382.21. The Taiwan Taiex index rose 0.7% to 23168.67.

Among Hang Seng constituents, Li Auto Inc. was the biggest gainer during the session, surging 5.8%, and Geely Automobile Holdings Ltd. gained 4.4%. Hansoh Pharmaceutical Group Co. Ltd. rounded out the top three movers on Wednesday, as shares gained 3.9%.

Anta Sports Products Ltd. posted the largest decline among companies on the Hang Seng, falling 2.7%, followed by shares of China Shenhua Energy Co. Ltd., which fell 1.2%. Shares of Tingyi (Cayman Islands) Holding Corp. slipped 0.6%.

Among large mainland China stocks, Guangzhou Anyka Microelectronics Co. Ltd. A was the biggest gainer during the session, surging 20%, and Orbbec Inc. A surged 15%. Bestechnic (Shanghai) Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 15%.

Xinjiang Youhao Group Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Inmyshow Digital Technology (Group) Co. Ltd. A, which dropped 10%. Shares of Mengtian Home Group Inc. A dropped 10%.

In Taiwan, Turvo International Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and SYNergy ScienTech Corp. surged 9.9% Cosmo Electronics Corp. rounded out the top three movers, as shares surged 9.9%.

Bizlink Holding Inc. posted the largest decline, dropping 9.9%, followed by shares of Advancetek Enterprise Co. Ltd., which dropped 6.0%. Shares of Shin Foong Specialty & Applied Materials Co. Ltd. dropped 5.6%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.28 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.48.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

December 18, 2024 02:30 ET (07:30 GMT)

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