Greater China Stocks Fall; Hong Kong Posts Largest Decline

Dow Jones
28 Feb

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China fell on Friday.

Hong Kong's Hang Seng Index fell 3.3% to 22941.32, and China's Shanghai Composite Index fell 2.0% to 3320.90. Taiwan's stock exchange was closed.

Among Hang Seng constituents, BYD Electronic (International) Co. Ltd. posted the largest decline, dropping 11%, followed by shares of Longfor Group Holdings Ltd., which dropped 8.9%. Shares of Xinyi Solar Holdings Ltd. dropped 8.6%.

Galaxy Entertainment Group Ltd. was the biggest gainer among companies on the Hang Seng, gaining 1.9%, and China Shenhua Energy Co. Ltd. gained 1.2%. Sands China Ltd. rounded out the top three movers on Friday, as shares rose 0.5%.

Among large mainland China stocks, Cloudwalk Technology Co. Ltd. A posted the largest decline, dropping 16%, followed by shares of Sichuan Huafeng Technology Co. Ltd. A, which dropped 16%. Shares of EFORT Intelligent Equipment Co. Ltd. dropped 15%.

KBC Corp. Ltd. A was the biggest gainer during the session, surging 11%, and Tande Co. Ltd. A surged 10%. Fujian Start Group Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.28 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.88.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 28, 2025 03:30 ET (08:30 GMT)

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