Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
02-05

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 0.9% to 20597.09, and China's Shanghai Composite Index slipped 0.6% to 3229.49. The Taiwan Taiex index gained 1.6% to 23161.58.

Among Hang Seng constituents, Nongfu Spring Co. Ltd. posted the largest decline, dropping 6.9%, followed by shares of Shenzhou International Group Holdings Ltd., which dropped 6.5%. Shares of Trip.com Group Ltd. dropped 6.4%.

Lenovo Group Ltd. was the biggest gainer among companies on the Hang Seng, gaining 4.0%, and Orient Overseas (International) Ltd. gained 3.1%. Zhongsheng Group Holdings Ltd. rounded out the top three movers on Wednesday, as shares gained 3.1%.

Among large mainland China stocks, Suzhou UIGreen Micro & Nano Technologies Co. Ltd. A posted the largest decline, dropping 15%, followed by shares of Henan ShiJia Photons Technology Co. Ltd. A, which dropped 15%. Shares of Dongguan Dingtong Precision Metal Co. Ltd. A dropped 15%.

UCloud Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Guangzhou Anyka Microelectronics Co. Ltd. A surged 20%. DBAPPSecurity Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 20%.

In Taiwan, SYNergy ScienTech Corp. posted the biggest decline among large companies, dropping 5.8%, followed by shares of Johnson Health Tech Co. Ltd., which fell 3.4%. Shares of Delpha Construction Co. Ltd. fell 2.6%.

Advantech Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Asia Optical Co. Inc. surged 10% Shin Zu Shing Co. Ltd. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 1.2% against the U.S. dollar to CNY7.27 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.85.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 05, 2025 03:30 ET (08:30 GMT)

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