Greater China Stocks Slip Friday; Hong Kong Posts Largest Decline

Dow Jones04-12

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 2.2% to 16721.69, and China's Shanghai Composite Index slipped 0.5% to 3019.47. The Taiwan Taiex index slipped 0.1% to 20736.57.

Among Hang Seng constituents, Longfor Group Holdings Ltd. posted the largest decline, dropping 8.6% to HK$9.41, followed by shares of AIA Group Ltd., which dropped 5.8% to HK$48.60. Shares of Ping An Insurance (Group) Co. of China Ltd. dropped 5.7% to HK$30.65.

Xiaomi Corp. was the biggest gainer among companies on the Hang Seng, gaining 2.6% to HK$16.50, and China Hongqiao Group Ltd. gained 1.6% to HK$10.24. Trip.com Group Ltd. rounded out the top three movers on Friday, as shares gained 1.1% to HK$389.60.

Among large mainland China stocks, Innovita Biological Technology Co. Ltd. A posted the largest decline, dropping 15% to CNY31.07, followed by shares of Tianyang New Materials (Shanghai) Technology Co. Ltd. A, which dropped 10% to CNY6.55. Shares of Shanghai Emperor of Cleaning Hi-Tech Co. Ltd. dropped 10% to CNY23.84.

WindSun Science & Technology Co. Ltd. A was the biggest gainer during the session, surging 20% to CNY25.04, and Shengyi Electronics Co. Ltd. A surged 14% to CNY10.01. Dongguan Dingtong Precision Metal Co. Ltd. A rounded out the top three movers on Friday, as shares surged 13% to CNY56.11.

In Taiwan, Energenesis Biomedical Co. Ltd. posted the biggest decline among large companies, dropping 6.4% to NT$58.40, followed by shares of Pacific Construction Co. Ltd., which dropped 5.5% to NT$12.05. Shares of Global Unichip Corp. dropped 5.3% to NT$1,255.00.

Hwang Chang General Contractor Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10% to NT$45.65, and DingZing Advanced Materials Inc. surged 10% to NT$209.00. Fortune Electric Co. Ltd. rounded out the top three movers, as shares surged 10% to NT$946.00.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.24 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.25.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 12, 2024 04:30 ET (08:30 GMT)

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Greater China Stocks Slip Friday; Hong Kong Posts Largest Decline

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