Greater China Stocks Slip Tuesday; Hong Kong Posts Largest Decline

Dow Jones06-11

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

Stocks in Greater China fell on Tuesday.

Hong Kong's Hang Seng Index fell 1.1% to 18169.89, and China's Shanghai Composite Index slipped 0.8% to 3028.05. The Taiwan Taiex index slipped 0.3% to 21792.12.

Among Hang Seng constituents, Orient Overseas (International) Ltd. posted the largest decline, dropping 9.0%, followed by shares of Hang Lung Properties Ltd., which dropped 7.4%. Shares of China Hongqiao Group Ltd. dropped 6.7%.

Meituan was the biggest gainer among companies on the Hang Seng, gaining 4.4%, and Lenovo Group Ltd. gained 2.1%. BYD Co. Ltd. rounded out the top three movers on Tuesday, as shares gained 1.7%.

Among large mainland China stocks, COSCO SHIPPING Holdings Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of GuangDong SongYang Recycle Resources Co. Ltd. A, which dropped 10%. Shares of Luxin Venture Capital Group Co. Ltd. dropped 10%.

Shanghai Anlogic Infotech Co. Ltd. A was the biggest gainer during the session, surging 20%, and Shengyi Electronics Co. Ltd. A surged 15%. C*Core Technology Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 13%.

In Taiwan, Ace Pillar Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of San Far Property Ltd., which dropped 10%. Shares of Ying Han Technology Co. Ltd. dropped 9.9%.

Gem Terminal Industry Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 9.9%, and Draytek Corp. surged 9.9% Fositek Corp. 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 CNY7.25 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.38.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 11, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Slip Tuesday; Hong Kong Posts Largest Decline

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