Greater China Stocks Slip; Taiwan Sees Largest Decline

Dow Jones
03-07

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

Stocks in Greater China fell on Friday.

Hong Kong's Hang Seng Index slipped 0.6% to 24231.30, and China's Shanghai Composite Index slipped 0.3% to 3372.55. The Taiwan Taiex index slipped 0.6% to 22576.07.

Among Hang Seng constituents, JD Health International Inc. posted the largest decline, dropping 12%, followed by shares of JD.com Inc., which fell 5.0%. Shares of CK Hutchison Holdings Ltd. fell 4.0%.

Shenzhou International Group Holdings Ltd. was the biggest gainer among companies on the Hang Seng, surging 7.4%, and Li Ning Co. Ltd. gained 4.9%. Kuaishou Technology rounded out the top three movers on Friday, as shares gained 4.8%.

Among large mainland China stocks, Ningbo Water Meter Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Shanghai Emperor of Cleaning Hi-Tech Co. Ltd., which dropped 10%. Shares of Power HF Co. Ltd. A dropped 10%.

Chengdu Screen Micro-Electronics Co. Ltd. A was the biggest gainer during the session, surging 14%, and Jiangsu Maixinlin Aviation Science & Technology Corp. A surged 12%. Hangzhou Hopechart IoT Technology Co. Ltd. A rounded out the top three movers on Friday, as shares surged 11%.

In Taiwan, CyberLink Corp. posted the biggest decline among large companies, dropping 10%, followed by shares of Huang Hsiang Construction Corp., which dropped 9.6%. Shares of Bonny Worldwide Ltd. dropped 9.3%.

Macnica Anstek Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Transcend Information Inc. surged 9.9% Nanya Technology Corp. rounded out the top three movers, as shares surged 8.6%.

On the currency front, the onshore yuan strengthened 0.1% against the U.S. dollar to CNY7.24 while the New Taiwan dollar strengthened 0.3% against the U.S. dollar at NT$32.81.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

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

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