Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
昨天

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 2.2% to 24219.95, and China's Shanghai Composite Index slipped 0.5% to 3408.95. The Taiwan Taiex index gained 1.9% to 22377.26.

Among Hang Seng constituents, Alibaba Health Information Technology Ltd. posted the largest decline, dropping 6.4%, followed by shares of China Life Insurance Co. Ltd., which dropped 5.9%. Shares of CK Infrastructure Holdings Ltd. dropped 5.7%.

CSPC Pharmaceutical Group Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.6%, and Orient Overseas (International) Ltd. gained 1.7%. BYD Co. Ltd. rounded out the top three movers on Thursday, as shares gained 1.7%.

Among large mainland China stocks, MGI Tech Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Shanghai Fengyuzhu Culture Technology Co. Ltd. A, which dropped 9.6%. Shares of Jiangsu Lettall Electronic Co. Ltd. A dropped 8.7%.

Shaanxi Heimao Coking Co. Ltd. was the biggest gainer during the session, surging 10%, and Shanghai Zhenhua Heavy Industry Co. Ltd. surged 10%. Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Microelectronics Technology Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Formosa Pharmaceuticals Inc., which fell 3.3%. Shares of Cathay Chemical Works Inc. fell 2.8%.

Adlink Technology Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Abonmax Co. Ltd. surged 9.9% Syscom Computer Engineering Co. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.24 while the New Taiwan dollar held steady against the U.S. dollar at NT$33.01.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 20, 2025 04:30 ET (08:30 GMT)

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