Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
13 Feb

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 0.2% to 21814.37, and China's Shanghai Composite Index slipped 0.4% to 3332.48. The Taiwan Taiex index rose 0.5% to 23399.41.

Among Hang Seng constituents, BYD Electronic (International) Co. Ltd. posted the largest decline, dropping 7.6%, followed by shares of Xiaomi Corp., which dropped 5.6%. Shares of Lenovo Group Ltd. dropped 5.0%.

Kuaishou Technology was the biggest gainer among companies on the Hang Seng, surging 6.3%, and Baidu Inc. surged 5.7%. AIA Group Ltd. rounded out the top three movers on Thursday, as shares surged 5.4%.

Among large mainland China stocks, Espressif Systems Shanghai Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Lotus Holdings Co. Ltd. A, which dropped 10%. Shares of Actions Technology Co. Ltd. A dropped 10%.

Integrity Technology Group Co. Ltd. A was the biggest gainer during the session, surging 20%, and UCloud Technology Co. Ltd. A surged 11%. Orient Group Inc. A rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Avermedia Technologies Inc. posted the biggest decline among large companies, dropping 6.1%, followed by shares of Taimide Technology Inc., which dropped 6.1%. Shares of Kinko Optical Co. Ltd. dropped 5.3%.

Yuan Jen Enterprises Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Winbond Electronics Corp. surged 10% Wei Chih Steel Industrial Co. Ltd. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan strengthened 0.2% against the U.S. dollar to CNY7.29 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.79.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 13, 2025 03:30 ET (08:30 GMT)

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