Greater China Stocks Close Mixed; Shanghai Stocks Rise

Dow Jones
01-23

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 slipped 0.4% to 19700.56, and China's Shanghai Composite Index rose 0.5% to 3230.16. Taiwan's stock exchange was closed..

Among Hang Seng constituents, China Construction Bank Corp. was the biggest gainer during the session, gaining 2.6%, and Industrial & Commercial Bank of China Ltd. gained 2.6%. China Life Insurance Co. Ltd. rounded out the top three movers on Thursday, as shares gained 2.5%.

Semiconductor Manufacturing International Corp. posted the largest decline among companies on the Hang Seng, dropping 7.2%, followed by shares of China Resources Mixc Lifestyle Services Ltd., which fell 4.2%. Shares of WH Group Ltd. fell 3.9%.

Among large mainland China stocks, Kinco Automation (Shanghai) Co. Ltd. A was the biggest gainer during the session, surging 14%, and WebRAY Tech (Beijing) Co. Ltd. A surged 13%. ADD Industry (Zhejiang) Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 10%.

Tianyu Bio-Technology Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Guangdong Dongfeng New Materials Group Co. Ltd. A, which dropped 10%. Shares of Chengdu Lihang Technology Co. Ltd. Cl A dropped 10%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.29 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.78.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 23, 2025 03:32 ET (08:32 GMT)

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