Greater China Stocks Close Mixed Wednesday; Taiwan Leads Gainers

Dow Jones06-05

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 0.1% to 18429.84, and China's Shanghai Composite Index slipped 0.8% to 3065.40. The Taiwan Taiex index rose 0.6% to 21484.88.

Among Hang Seng constituents, Zhongsheng Group Holdings Ltd. posted the largest decline, dropping 7.2%, followed by shares of China Hongqiao Group Ltd., which fell 4.5%. Shares of China Unicom (Hong Kong) Ltd. fell 3.2%.

Sunny Optical Technology Group Co. Ltd. was the biggest gainer among companies on the Hang Seng, gaining 4.5%, and Netease Inc. gained 2.8%. Tingyi (Cayman Islands) Holding Corp. rounded out the top three movers on Wednesday, as shares gained 2.6%.

Among large mainland China stocks, Wuhan LinControl Automotive Electronics Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of Zbit Semiconductor Inc. A, which dropped 11%. Shares of Shanghai Lingyun Industries Development Co. Ltd. B dropped 10%.

Hangzhou Hopechart IoT Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Beijing Navigation Control Technology Co. Ltd. surged 14%. DuoLun Technology Corp. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

In Taiwan, Avermedia Technologies Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Cheng Shin Rubber Industry Co. Ltd., which dropped 9.9%. Shares of Ying Han Technology Co. Ltd. dropped 9.5%.

Wan Hai Lines Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Ezconn Corp. surged 10% China Container Terminal Corp. 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 held steady against the U.S. dollar at NT$32.35.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 05, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Close Mixed Wednesday; Taiwan Leads Gainers

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