Greater China Stocks Close Mixed Thursday; Taiwan Leads Gainers

Dow Jones08-01

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

Stocks in Greater China were mixed on Thursday.

Hong Kong's Hang Seng Index slipped 0.1% to 17319.39, and China's Shanghai Composite Index slipped 0.2% to 2932.39. The Taiwan Taiex index gained 2.0% to 22642.10.

Among Hang Seng constituents, Zhongsheng Group Holdings Ltd. posted the largest decline, dropping 6.7%, followed by shares of Longfor Group Holdings Ltd., which dropped 5.3%. Shares of Li Ning Co. Ltd. fell 4.5%.

Power Assets Holdings Ltd. was the biggest gainer among companies on the Hang Seng, surging 5.0%, and CLP Holdings Ltd. gained 3.4%. Link Real Estate Investment Trust rounded out the top three movers on Thursday, as shares gained 3.2%.

Among large mainland China stocks, China Grand Automotive Services Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of ZheJiang Kanglongda Special Protection Technology Co. Ltd. A, which dropped 10%. Shares of Heilongjiang Interchina Water Treatment Co. Ltd. A dropped 9.8%.

PIESAT Information Technology Co. Ltd. A was the biggest gainer during the session, surging 13%, and Shandong Daye Co. Ltd. A surged 10%. Beijing Bashi Media Co. Ltd. rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Nishoku Technology Inc. posted the biggest decline among large companies, dropping 5.7%, followed by shares of Kinik Co., which dropped 5.5%. Shares of Elite Material Co. Ltd. fell 4.0%.

Aurotek Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Ying Han Technology Co. Ltd. surged 10% Lite-On Technology Corp. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.3% against the U.S. dollar to CNY7.24 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.74.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 01, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed Thursday; Taiwan Leads Gainers

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