Greater China Stocks Slip Wednesday; Hong Kong Sees Largest Decline

Dow Jones04-03

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

Stocks in Greater China fell on Wednesday.

Hong Kong's Hang Seng Index fell 1.2% to 16725.10, and China's Shanghai Composite Index slipped 0.2% to 3069.30. The Taiwan Taiex index slipped 0.6% to 20337.60.

Among Hang Seng constituents, CITIC Ltd. posted the largest decline, dropping 6.7% to HK$7.27, followed by shares of Li Auto Inc., which dropped 5.0% to HK$117.50. Shares of JD Health International Inc. fell 4.9% to HK$26.40.

China Hongqiao Group Ltd. was the biggest gainer among companies on the Hang Seng, surging 5.3% to HK$9.42, and Xinyi Glass Holdings Ltd. gained 4.0% to HK$8.59. Zijin Mining Group Co. Ltd. rounded out the top three movers on Wednesday, as shares gained 3.7% to HK$16.82.

Among large mainland China stocks, Ningxia Zhongke Biotechnology Co. Ltd. A posted the largest decline, dropping 10% to CNY3.2, followed by shares of Anhui Zhongyuan New Materials Co. Ltd. A, which dropped 10% to CNY10.13. Shares of Yongyue Science & Technology Co. Ltd. A dropped 10% to CNY6.2.

Longyan Zhuoyue New Energy Co. Ltd. was the biggest gainer during the session, surging 20% to CNY30.83, and Nanjing Develop Advanced Manufacturing Co. Ltd. A surged 11% to CNY19.54. QuMei Home Furnishings Group Co. Ltd. rounded out the top three movers on Wednesday, as shares surged 10% to CNY4.35.

In Taiwan, Metaage Corp. posted the biggest decline among large companies, dropping 7.8% to NT$62.40, followed by shares of Daxin Materials Corp., which dropped 5.3% to NT$152.50. Shares of Ezconn Corp. dropped 5.2% to NT$136.00.

Silicon Integrated Systems Corp. was the biggest gainer among large Taiwan companies during the session, surging 10% to NT$41.90, and Bora Pharmaceuticals Co. Ltd. surged 10% to NT$761.00. Jess-Link Products Co. Ltd. rounded out the top three movers, as shares surged 10% to NT$171.00.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.24 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.05.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 03, 2024 04:30 ET (08:30 GMT)

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Greater China Stocks Slip Wednesday; Hong Kong Sees Largest Decline

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