Greater China Stocks Rise; Taiwan Posts Largest Increase

Dow Jones
17 Jan

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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