Greater China Stocks Rise; Taiwan Posts Largest Increase

Dow Jones
27 Dec 2024

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 0.1% to 20111.56, and China's Shanghai Composite Index rose 0.1% to 3400.14. The Taiwan Taiex index rose 0.1% to 23275.68.

Among Hang Seng constituents, Lenovo Group Ltd. was the biggest gainer during the session, surging 8.6%, and Li Auto Inc. surged 6.2%. Semiconductor Manufacturing International Corp. rounded out the top three movers on Friday, as shares surged 5.5%.

Zhongsheng Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 4.5%, followed by shares of Nongfu Spring Co. Ltd., which fell 4.0%. Shares of Haidilao International Holding Ltd. fell 3.3%.

Among large mainland China stocks, Fujian Dongbai (Group) Co. Ltd. A was the biggest gainer during the session, surging 10%, and Anyuan Coal Industry Group Co. Ltd. A surged 10%. Qingdao Copton Technology Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

Shenzhen Intellifusion Technologies Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Yunnan Yunwei Co. Ltd. A, which dropped 10%. Shares of Nanjing Chemical Fibre Co. Ltd. A dropped 10%.

In Taiwan, Taimide Technology Inc. was the biggest gainer among large companies during the session, surging 10%, and ALi Corp. surged 10% Global Brands Manufacture Ltd. rounded out the top three movers, as shares surged 9.9%.

Compucase Enterprise Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Hiyes International Co. Ltd., which dropped 10%. Shares of Evergreen Steel Corp. dropped 7.4%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.79.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

December 27, 2024 02:30 ET (07:30 GMT)

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