Greater China Stocks Close Mixed Wednesday; Shanghai Leads Gainers

Dow Jones05-29

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 fell 1.7% to 18509.23, and China's Shanghai Composite Index was flat at 3111.02. The Taiwan Taiex index slipped 0.9% to 21662.50.

Among Hang Seng constituents, Meituan posted the largest decline, falling 4.7%, followed by shares of JD Health International Inc., which fell 4.5%. Shares of Country Garden Services Holdings Co. Ltd. fell 4.3%.

BYD Co. Ltd. was the biggest gainer among companies on the Hang Seng, surging 6.1%, and Alibaba Health Information Technology Ltd. surged 5.0%. Link Real Estate Investment Trust rounded out the top three movers on Wednesday, as shares gained 3.9%.

Among large mainland China stocks, Guandian Defense Technology Co. Ltd. A posted the largest decline, dropping 15%, followed by shares of JiShi Media Co. Ltd., which dropped 10%. Shares of Liaoning Shenhua Holdings Co. Ltd. A dropped 10%.

Trina Solar Co. Ltd. A was the biggest gainer during the session, surging 10%, and Zhejiang Dongwang Times Technology Co. Ltd. A surged 10%. Guoshengshian Technology Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

In Taiwan, Promate Electronic Co. Ltd. posted the biggest decline among large companies, dropping 9.6%, followed by shares of Silergy Corp., which dropped 6.9%. Shares of Airtac International Group dropped 5.1%.

Kinko Optical Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Chateau International Development Co. Ltd. surged 10% GMI Technology Inc. rounded out the top three movers, as shares surged 10%.

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$32.29.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

May 29, 2024 03:31 ET (07:31 GMT)

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