Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
03-12

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 slipped 0.8% to 23600.31, and China's Shanghai Composite Index slipped 0.2% to 3371.92. The Taiwan Taiex index rose 0.9% to 22278.36.

Among Hang Seng constituents, Lenovo Group Ltd. posted the largest decline, dropping 7.0%, followed by shares of Alibaba Health Information Technology Ltd., which dropped 6.4%. Shares of JD Health International Inc. fell 4.6%.

ENN Energy Holdings Ltd. was the biggest gainer among companies on the Hang Seng, gaining 4.4%, and Zijin Mining Group Co. Ltd. gained 3.5%. China Hongqiao Group Ltd. rounded out the top three movers on Wednesday, as shares gained 2.2%.

Among large mainland China stocks, Hinova Pharmaceuticals Inc. A posted the largest decline, dropping 14%, followed by shares of Y.U.D. Yangtze River Investment Industry Co. Ltd. A, which dropped 7.8%. Shares of Beijing Hotgen Biotech Co. Ltd. A dropped 7.7%.

Hangzhou Hopechart IoT Technology Co. Ltd. A was the biggest gainer during the session, surging 14%, and Wuhan Yifi Laser Corp. Ltd. A surged 13%. SICC Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 11%.

In Taiwan, Formosa Oilseed Processing Co. Ltd. posted the biggest decline among large companies, dropping 9.9%, followed by shares of ASUSTeK Computer Inc., which dropped 8.3%. Shares of Top Bright Holding Co. Ltd. dropped 6.7%.

Cosmo Electronics Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Winbond Electronics Corp. surged 9.9% Pan-International Industrial Corp. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.24 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.92.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 12, 2025 04:30 ET (08:30 GMT)

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