Greater China Stocks Rise; Hong Kong Sees Largest Increase

Dow Jones
07 Feb

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 gained 1.2% to 21133.54, and China's Shanghai Composite Index gained 1.0% to 3303.67. The Taiwan Taiex index rose 0.7% to 23478.27.

Among Hang Seng constituents, Geely Automobile Holdings Ltd. was the biggest gainer during the session, surging 8.0%, and Xinyi Solar Holdings Ltd. surged 7.8%. Li Auto Inc. rounded out the top three movers on Friday, as shares surged 7.6%.

Sinopharm Group Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 3.3%, followed by shares of Semiconductor Manufacturing International Corp., which fell 2.6%. Shares of China Shenhua Energy Co. Ltd. fell 2.2%.

Among large mainland China stocks, Suzhou Everbright Photonics Co. Ltd. A was the biggest gainer during the session, surging 20%, and Beijing QingCloud Technology Group Co. Ltd. A surged 20%. Bingo Software Co. Ltd. A rounded out the top three movers on Friday, as shares surged 20%.

ASR Microelectronics Co. Ltd. A posted the largest decline, dropping 5.1%, followed by shares of Transwarp Technology (Shanghai) Co. Ltd. A, which fell 4.5%. Shares of Shanghai Film Co. Ltd. A fell 4.5%.

In Taiwan, Syscom Computer Engineering Co. was the biggest gainer among large companies during the session, surging 9.9%, and Zero One Technology Co. Ltd. surged 9.9% Asmedia Technology Inc. rounded out the top three movers, as shares surged 9.9%.

Cub Elecparts Inc. posted the largest decline, dropping 5.1%, followed by shares of HTC Corp., which fell 4.0%. Shares of Powerchip Semiconductor Manufacturing Corp. fell 3.8%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.29 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.77.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 07, 2025 03:30 ET (08:30 GMT)

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