Greater China Stocks Slip Friday; Hong Kong Sees Largest Decline

Dow Jones05-24

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 1.7% to 18545.90, and China's Shanghai Composite Index slipped 0.9% to 3088.87. The Taiwan Taiex index slipped 0.2% to 21565.34.

Among Hang Seng constituents, Zhongsheng Group Holdings Ltd. posted the largest decline, dropping 8.9%, followed by shares of Country Garden Services Holdings Co. Ltd., which dropped 8.5%. Shares of Li Ning Co. Ltd. dropped 6.4%.

CNOOC Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.7%, and China Resources Power Holdings Co. Ltd. gained 2.6%. China Hongqiao Group Ltd. rounded out the top three movers on Friday, as shares gained 2.1%.

Among large mainland China stocks, Guangzhou Fangbang Electronics Co. Ltd. A posted the largest decline, dropping 13%, followed by shares of Beijing Urban Construction Investment & Development Co. Ltd., which dropped 10%. Shares of Shang Gong Group Co. Ltd. A dropped 10%.

Zhengzhou Coal Industry & Electric Power Co. Ltd. A was the biggest gainer during the session, surging 10%, and Zhejiang Xinzhonggang Thermal Power Co. Ltd. A surged 10%. Dalian Thermal Power Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

In Taiwan, Thunder Tiger Corp. posted the biggest decline among large companies, dropping 5.3%, followed by shares of China Container Terminal Corp., which fell 5.0%. Shares of Lang Inc. fell 4.1%.

Cal-Comp Electronics (Thailand) PCL TDR was the biggest gainer among large Taiwan companies during the session, surging 10%, and Kian Shen Corp. surged 10% Amtran Technology Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.25 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.25.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 24, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Slip Friday; Hong Kong Sees Largest Decline

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