Greater China Stocks Close Mixed; Shanghai Leads Gainers

Dow Jones
20 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 fell 1.6% to 22576.98, and China's Shanghai Composite Index was flat at 3350.78. The Taiwan Taiex index slipped 0.5% to 23487.46.

Among Hang Seng constituents, Kuaishou Technology posted the largest decline, dropping 7.6%, followed by shares of Meituan, which dropped 6.4%. Shares of Lenovo Group Ltd. dropped 6.4%.

Hang Seng Bank Ltd. was the biggest gainer among companies on the Hang Seng, gaining 3.7%, and WuXi AppTec Co. Ltd. gained 3.2%. BYD Co. Ltd. rounded out the top three movers on Thursday, as shares gained 1.8%.

Among large mainland China stocks, Shenzhen Original Advanced Compounds Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Vohringer Home Technology Co. Ltd. A, which dropped 9.4%. Shares of Hubei Huarong Holding Co. Ltd. A dropped 9.1%.

Luster LightTech Co. Ltd. Cl A was the biggest gainer during the session, surging 20%, and Zhuzhou Huarui Precision Cutting Tools Co. Ltd. A surged 20%. Shenzhen Xinyuren Technology Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 20%.

In Taiwan, CyberLink Corp. posted the biggest decline among large companies, dropping 9.9%, followed by shares of Shin Tai Industry Co. Ltd., which dropped 7.6%. Shares of PharmaEssentia Corp. dropped 7.2%.

Allis Electric Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Allied Supreme Corp. surged 10% M3 Technology Inc. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan strengthened 0.3% against the U.S. dollar to CNY7.26 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.75.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 20, 2025 03:30 ET (08:30 GMT)

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