Greater China Stocks Close Mixed Wednesday; Taiwan Leads Gainers

Dow Jones05-08

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

Stocks in Greater China were mixed on Wednesday.

Hong Kong's Hang Seng Index slipped 0.9% to 18313.86, and China's Shanghai Composite Index slipped 0.6% to 3128.48. The Taiwan Taiex index rose 0.2% to 20700.51.

Among Hang Seng constituents, Longfor Group Holdings Ltd. posted the largest decline, dropping 7.6% to HK$11.50, followed by shares of Country Garden Services Holdings Co. Ltd., which dropped 5.7% to HK$5.48. Shares of China Resources Land Ltd. dropped 5.2% to HK$29.15.

Xiaomi Corp. was the biggest gainer among companies on the Hang Seng, surging 6.5% to HK$19.10, and China Shenhua Energy Co. Ltd. gained 1.6% to HK$34.45. Sinopharm Group Co. Ltd. rounded out the top three movers on Wednesday, as shares gained 1.5% to HK$20.75.

Among large mainland China stocks, Kama Co. Ltd. B posted the largest decline, dropping 10% to CNY0.141, followed by shares of Yinchuan Xinhua Commercial (Group) Co. Ltd. A, which dropped 10% to CNY16.89. Shares of Chengdu JOUAV Automation Tech Co. Ltd. A dropped 9.6% to CNY34.55.

Shanghai Hollywave Electronic System Co. Ltd. A was the biggest gainer during the session, surging 15% to CNY41.72, and OBiO Technology (Shanghai) Corp. Ltd. A surged 14% to CNY7.14. Shanghai Medicilon Inc. A rounded out the top three movers on Wednesday, as shares surged 11% to CNY41.73.

In Taiwan, WT Microelectronics Co. Ltd. posted the biggest decline among large companies, dropping 10% to NT$135.50, followed by shares of X-LEGEND Entertainment Co. Ltd., which dropped 9.9% to NT$127.50. Shares of Chailease Holding Co. Ltd. dropped 9.5% to NT$152.00.

Century Iron & Steel Industrial Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10% to NT$231.00, and Tripod Technology Corp. surged 10% to NT$226.50. Dah San Electric Wire & Cable Corp. rounded out the top three movers, as shares surged 9.9% to NT$71.90.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.23 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.40.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 08, 2024 04:30 ET (08:30 GMT)

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Greater China Stocks Close Mixed Wednesday; Taiwan Leads Gainers

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