Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
02-13

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

Stocks in Greater China were mixed on Thursday.

Hong Kong's Hang Seng Index slipped 0.2% to 21814.37, and China's Shanghai Composite Index slipped 0.4% to 3332.48. The Taiwan Taiex index rose 0.5% to 23399.41.

Among Hang Seng constituents, BYD Electronic (International) Co. Ltd. posted the largest decline, dropping 7.6%, followed by shares of Xiaomi Corp., which dropped 5.6%. Shares of Lenovo Group Ltd. dropped 5.0%.

Kuaishou Technology was the biggest gainer among companies on the Hang Seng, surging 6.3%, and Baidu Inc. surged 5.7%. AIA Group Ltd. rounded out the top three movers on Thursday, as shares surged 5.4%.

Among large mainland China stocks, Espressif Systems Shanghai Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Lotus Holdings Co. Ltd. A, which dropped 10%. Shares of Actions Technology Co. Ltd. A dropped 10%.

Integrity Technology Group Co. Ltd. A was the biggest gainer during the session, surging 20%, and UCloud Technology Co. Ltd. A surged 11%. Orient Group Inc. A rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Avermedia Technologies Inc. posted the biggest decline among large companies, dropping 6.1%, followed by shares of Taimide Technology Inc., which dropped 6.1%. Shares of Kinko Optical Co. Ltd. dropped 5.3%.

Yuan Jen Enterprises Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Winbond Electronics Corp. surged 10% Wei Chih Steel Industrial Co. Ltd. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan strengthened 0.2% against the U.S. dollar to CNY7.29 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.79.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 13, 2025 03:30 ET (08:30 GMT)

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