Greater China Stocks Rise; Taiwan Posts Largest Increase

Dow Jones
01-17

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index rose 0.3% to 19584.58, and China's Shanghai Composite Index rose 0.2% to 3241.82. The Taiwan Taiex index rose 0.5% to 23148.08.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, surging 8.8%, and JD.com Inc. gained 5.0%. China Hongqiao Group Ltd. rounded out the top three movers on Friday, as shares gained 4.6%.

Shenzhou International Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 2.5%, followed by shares of Netease Inc., which fell 2.0%. Shares of China Merchants Bank Co. Ltd. fell 1.4%.

Among large mainland China stocks, Shenzhen Qingyi Photomask Ltd. was the biggest gainer during the session, surging 20%, and Suzhou Novosense Microelectronics Co. Ltd. A surged 15%. Wuxi Chipown Micro-Electronics Ltd. A rounded out the top three movers on Friday, as shares surged 14%.

Shanghai Golden Union Commercial Management Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Harbin Air Conditioning Co. Ltd. A, which dropped 10%. Shares of Shaanxi Meibang Pharmaceutical Group Co. Ltd. A dropped 10%.

In Taiwan, Champion Microelectronic Corp. was the biggest gainer among large companies during the session, surging 10%, and FDC International Hotels Corp. surged 10% New Asia Construction & Development Corp. rounded out the top three movers, as shares surged 9.9%.

ShunSin Technology Holdings Ltd. posted the largest decline, dropping 6.9%, followed by shares of JPP Holding Co. Ltd., which dropped 5.9%. Shares of Chung Fu Tex-International Corp. dropped 5.6%.

On the currency front, the onshore yuan strengthened 0.1% against the U.S. dollar to CNY7.33 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.90.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 17, 2025 02:30 ET (07:30 GMT)

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