Greater China Stocks Close Mixed Friday; Hong Kong Leads Gainers

Dow Jones05-31

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

Stocks in Greater China were mixed on Friday.

Hong Kong's Hang Seng Index was flat at 18225.12, and China's Shanghai Composite Index slipped 0.2% to 3086.81. The Taiwan Taiex index slipped 0.9% to 21174.22.

Among Hang Seng constituents, Alibaba Health Information Technology Ltd. posted the largest decline, dropping 6.7%, followed by shares of Xinyi Solar Holdings Ltd., which fell 4.9%. Shares of Sunny Optical Technology Group Co. Ltd. fell 3.9%.

CNOOC Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.9%, and China Mobile Ltd. gained 2.9%. China Hongqiao Group Ltd. rounded out the top three movers on Friday, as shares gained 2.6%.

Among large mainland China stocks, Kama Co. Ltd. B posted the largest decline, dropping 10%, followed by shares of Shanghai Lingyun Industries Development Co. Ltd. B, which dropped 10%. Shares of Jiangsu Sanfame Co. Ltd. A dropped 10%.

MEMSensing Microsystems Suzhou China Co. Ltd. A was the biggest gainer during the session, surging 15%, and VeriSilicon Microelectronics Shanghai Co. Ltd. A surged 10%. Liaoning Shenhua Holdings Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

In Taiwan, Arizon RFID Technology (Cayman) Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of Yuan Jen Enterprises Co. Ltd., which dropped 9.9%. Shares of Wan Hai Lines Ltd. dropped 8.9%.

In-Win Development Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Global Tek Fabrication Co. Ltd. surged 9.9% EDOM Technology Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.20 while the New Taiwan dollar weakened 0.3% against the U.S. dollar at NT$32.49.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Greater China Stocks Close Mixed Friday; Hong Kong Leads Gainers

Comments