Greater China Stocks Close Mixed Tuesday; Taiwan Leads Gainers

Dow Jones07-23

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

Stocks in Greater China were mixed on Tuesday.

Hong Kong's Hang Seng Index slipped 0.9% to 17481.44, and China's Shanghai Composite Index fell 1.6% to 2915.37. The Taiwan Taiex index gained 2.8% to 22871.84.

Among Hang Seng constituents, BYD Electronic (International) Co. Ltd. posted the largest decline, falling 4.7%, followed by shares of Hansoh Pharmaceutical Group Co. Ltd., which fell 3.9%. Shares of Nongfu Spring Co. Ltd. fell 3.6%.

China Unicom (Hong Kong) Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.2%, and Industrial & Commercial Bank of China Ltd. gained 1.9%. WH Group Ltd. rounded out the top three movers on Tuesday, as shares gained 1.3%.

Among large mainland China stocks, Shanghai Rightongene Biotechnology Co. Ltd. A posted the largest decline, dropping 20%, followed by shares of Kingsemi Co. Ltd. A, which dropped 12%. Shares of China Grand Automotive Services Co. Ltd. A dropped 10%.

Jiangsu Cowin Biotech Co. Ltd. A was the biggest gainer during the session, surging 13%, and Jiangsu Sinojit Wind Energy Technology Co. Ltd. A surged 10%. Shanghai Fudan Forward S&T Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 10%.

In Taiwan, J&V Energy Technology Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of Ezconn Corp., which dropped 10%. Shares of Parpro Corp. dropped 9.9%.

Hsin Ba Ba Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and King's Town Construction Co. Ltd. surged 10% Hiyes International Co. Ltd. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.27 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.82.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 23, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Close Mixed Tuesday; Taiwan Leads Gainers

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