Greater China Stocks Rise Thursday; Hong Kong Posts Largest Increase

Dow Jones05-16

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

Stocks in Greater China gained on Thursday.

Hong Kong's Hang Seng Index gained 1.6% to 19376.53, and China's Shanghai Composite Index rose 0.1% to 3122.40. The Taiwan Taiex index rose 0.7% to 21304.26.

Among Hang Seng constituents, Longfor Group Holdings Ltd. was the biggest gainer during the session, surging 11% to HK$13.80, and Ping An Insurance (Group) Co. of China Ltd. surged 7.1% to HK$43.00. Galaxy Entertainment Group Ltd. rounded out the top three movers on Thursday, as shares surged 6.4% to HK$39.15.

Techtronic Industries Co. Ltd. posted the largest decline among companies on the Hang Seng, dropping 5.4% to HK$106.10, followed by shares of Alibaba Group Holding Ltd., which fell 3.6% to HK$79.70. Shares of Orient Overseas (International) Ltd. fell 2.9% to HK$134.80.

Among large mainland China stocks, Shengyi Electronics Co. Ltd. A was the biggest gainer during the session, surging 20% to CNY12.38, and Chengbang Eco-Environment Co. Ltd. A surged 10% to CNY5.14. Nanjing Chemical Fibre Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 10% to CNY6.89.

Qingdao Haier Biomedical Co. Ltd. A posted the largest decline, dropping 9.9% to CNY38.74, followed by shares of Shanghai Lingyun Industries Development Co. Ltd. B, which dropped 9.8% to CNY0.221. Shares of Shanghai Huili Building Materials Co. Ltd. B dropped 9.7% to CNY0.242.

In Taiwan, Sino Horizon Holdings Ltd. was the biggest gainer among large companies during the session, surging 10% to NT$32.45, and Avermedia Technologies Inc. surged 10% to NT$40.75. Cryomax Cooling System Corp. rounded out the top three movers, as shares surged 10% to NT$77.10.

Far Eastern Department Stores Ltd. posted the largest decline, dropping 6.9% to NT$33.05, followed by shares of Jess-Link Products Co. Ltd., which dropped 5.3% to NT$142.50. Shares of ShunSin Technology Holdings Ltd. fell 4.7% to NT$183.00.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.22 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.12.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 16, 2024 04:31 ET (08:31 GMT)

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Greater China Stocks Rise Thursday; Hong Kong Posts Largest Increase

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