Greater China Stocks Gain Friday; Hong Kong Posts Largest Increase

Dow Jones04-26

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index gained 2.1% to 17651.69, and China's Shanghai Composite Index gained 1.2% to 3088.64. The Taiwan Taiex index gained 1.3% to 20120.51.

Among Hang Seng constituents, Longfor Group Holdings Ltd. was the biggest gainer during the session, surging 11% to HK$10.92, and China Overseas Land & Investment Ltd. surged 8.5% to HK$14.00. JD Health International Inc. rounded out the top three movers on Friday, as shares surged 7.1% to HK$26.55.

Sinopharm Group Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 1.6% to HK$21.40, followed by shares of China Resources Power Holdings Co. Ltd., which slipped 0.8% to HK$19.66. Shares of Bank of China Ltd. slipped 0.6% to HK$3.47.

Among large mainland China stocks, Shanghai Allist Pharmaceuticals Co. Ltd. A was the biggest gainer during the session, surging 20% to CNY56.69, and Shenzhen Fortune Trend Technology Co. Ltd. A surged 20% to CNY122.64. QuantumCTek Co. Ltd. A rounded out the top three movers on Friday, as shares surged 19% to CNY220.

Solareast Holdings Co. Ltd. A posted the largest decline, dropping 10% to CNY4.68, followed by shares of Guangzhou Kingmed Diagnostics Group Co. Ltd. A, which dropped 9.6% to CNY38.1. Shares of Bank of Jiangsu Co. Ltd. A dropped 9.1% to CNY7.67.

In Taiwan, Aurotek Corp. was the biggest gainer among large companies during the session, surging 10% to NT$45.65, and CMC Magnetics Corp. surged 10% to NT$13.75. Global Unichip Corp. rounded out the top three movers, as shares surged 10% to NT$1,320.00.

Digital China Holdings Ltd. TDR posted the largest decline, dropping 9.0% to NT$6.20, followed by shares of L&K Engineering Co. Ltd., which dropped 7.8% to NT$265.50. Shares of Silicon Integrated Systems Corp. dropped 5.5% to NT$68.60.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.25 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.62.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 26, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Gain Friday; Hong Kong Posts Largest Increase

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