Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
2024-11-06

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 fell 2.7% to 20440.80, and China's Shanghai Composite Index slipped 0.1% to 3383.81. The Taiwan Taiex index rose 0.5% to 23217.38.

Among Hang Seng constituents, Xinyi Solar Holdings Ltd. posted the largest decline, dropping 5.9%, followed by shares of Shenzhou International Group Holdings Ltd., which dropped 5.4%. Shares of Sunny Optical Technology Group Co. Ltd. fell 4.9%.

Zhongsheng Group Holdings Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.0%, and WuXi AppTec Co. Ltd. gained 1.8%. Link Real Estate Investment Trust rounded out the top three movers on Wednesday, as shares gained 1.6%.

Among large mainland China stocks, Shanghai Bright Power Semiconductor Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Shuangliang Eco-Energy Systems Co. Ltd., which dropped 10%. Shares of Guangdong Songfa Ceramics Co. Ltd. dropped 10%.

Guangzhou Hexin Instrument Co. Ltd. A was the biggest gainer during the session, surging 20%, and Shanghai Suochen Information Technology Co. Ltd. A surged 20%. Gstarsoft Co. Ltd. rounded out the top three movers on Wednesday, as shares surged 20%.

In Taiwan, Epileds Technologies Inc. posted the biggest decline among large companies, dropping 8.8%, followed by shares of SDI Corp., which dropped 7.3%. Shares of My Humble House Hospitality Management Consulting Co. Ltd. dropped 7.2%.

Taiwan Environment Scientific Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 21%, and FIC Global Inc. surged 10% Cal-Comp Electronics (Thailand) PCL TDR rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.7% against the U.S. dollar to CNY7.16 while the New Taiwan dollar weakened 0.9% against the U.S. dollar at NT$32.20.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 06, 2024 02:30 ET (07:30 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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