Greater China Stocks Close Mixed; Shanghai Leads Gainers

Dow Jones
02-20

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 fell 1.6% to 22576.98, and China's Shanghai Composite Index was flat at 3350.78. The Taiwan Taiex index slipped 0.5% to 23487.46.

Among Hang Seng constituents, Kuaishou Technology posted the largest decline, dropping 7.6%, followed by shares of Meituan, which dropped 6.4%. Shares of Lenovo Group Ltd. dropped 6.4%.

Hang Seng Bank Ltd. was the biggest gainer among companies on the Hang Seng, gaining 3.7%, and WuXi AppTec Co. Ltd. gained 3.2%. BYD Co. Ltd. rounded out the top three movers on Thursday, as shares gained 1.8%.

Among large mainland China stocks, Shenzhen Original Advanced Compounds Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Vohringer Home Technology Co. Ltd. A, which dropped 9.4%. Shares of Hubei Huarong Holding Co. Ltd. A dropped 9.1%.

Luster LightTech Co. Ltd. Cl A was the biggest gainer during the session, surging 20%, and Zhuzhou Huarui Precision Cutting Tools Co. Ltd. A surged 20%. Shenzhen Xinyuren Technology Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 20%.

In Taiwan, CyberLink Corp. posted the biggest decline among large companies, dropping 9.9%, followed by shares of Shin Tai Industry Co. Ltd., which dropped 7.6%. Shares of PharmaEssentia Corp. dropped 7.2%.

Allis Electric Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Allied Supreme Corp. surged 10% M3 Technology Inc. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan strengthened 0.3% against the U.S. dollar to CNY7.26 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.75.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 20, 2025 03:30 ET (08:30 GMT)

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