Greater China Stocks Rise; Hong Kong Sees Largest Increase

Dow Jones
02-07

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index gained 1.2% to 21133.54, and China's Shanghai Composite Index gained 1.0% to 3303.67. The Taiwan Taiex index rose 0.7% to 23478.27.

Among Hang Seng constituents, Geely Automobile Holdings Ltd. was the biggest gainer during the session, surging 8.0%, and Xinyi Solar Holdings Ltd. surged 7.8%. Li Auto Inc. rounded out the top three movers on Friday, as shares surged 7.6%.

Sinopharm Group Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 3.3%, followed by shares of Semiconductor Manufacturing International Corp., which fell 2.6%. Shares of China Shenhua Energy Co. Ltd. fell 2.2%.

Among large mainland China stocks, Suzhou Everbright Photonics Co. Ltd. A was the biggest gainer during the session, surging 20%, and Beijing QingCloud Technology Group Co. Ltd. A surged 20%. Bingo Software Co. Ltd. A rounded out the top three movers on Friday, as shares surged 20%.

ASR Microelectronics Co. Ltd. A posted the largest decline, dropping 5.1%, followed by shares of Transwarp Technology (Shanghai) Co. Ltd. A, which fell 4.5%. Shares of Shanghai Film Co. Ltd. A fell 4.5%.

In Taiwan, Syscom Computer Engineering Co. was the biggest gainer among large companies during the session, surging 9.9%, and Zero One Technology Co. Ltd. surged 9.9% Asmedia Technology Inc. rounded out the top three movers, as shares surged 9.9%.

Cub Elecparts Inc. posted the largest decline, dropping 5.1%, followed by shares of HTC Corp., which fell 4.0%. Shares of Powerchip Semiconductor Manufacturing Corp. fell 3.8%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.29 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.77.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 07, 2025 03:30 ET (08:30 GMT)

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