Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones
01-15

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

Stocks in Greater China were mixed on Wednesday.

Hong Kong's Hang Seng Index rose 0.2% to 19261.23, and China's Shanghai Composite Index slipped 0.4% to 3227.12. The Taiwan Taiex index fell 1.2% to 22514.57.

Among Hang Seng constituents, Zijin Mining Group Co. Ltd. posted the largest decline, dropping 5.9%, followed by shares of Li Auto Inc., which fell 3.2%. Shares of WuXi AppTec Co. Ltd. fell 3.1%.

Semiconductor Manufacturing International Corp. was the biggest gainer among companies on the Hang Seng, surging 5.7%, and Xinyi Solar Holdings Ltd. gained 4.4%. Netease Inc. rounded out the top three movers on Wednesday, as shares gained 4.0%.

Among large mainland China stocks, Jiangsu Cowin Biotech Co. Ltd. A posted the largest decline, dropping 19%, followed by shares of Shandong Cynda Chemical Co. Ltd. A, which dropped 10%. Shares of Harbin Air Conditioning Co. Ltd. A dropped 10%.

Jiangsu High Hope International Group Corp. A was the biggest gainer during the session, surging 10%, and Shaanxi Construction Machinery Co. Ltd. A surged 10%. China Tourism & Culture Investment Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

In Taiwan, Cosmo Electronics Corp. posted the biggest decline among large companies, dropping 9.9%, followed by shares of Capital Securities Corp., which dropped 7.4%. Shares of Bizlink Holding Inc. dropped 7.2%.

Hwang Chang General Contractor Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Yieh Hsing Enterprise Co. Ltd. surged 10% USI Corp. rounded out the top three movers, as shares surged 9.8%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.33 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$33.04.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 15, 2025 02:30 ET (07:30 GMT)

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