Greater China Stocks Close Mixed Thursday; Hong Kong Leads Gainers

Dow Jones08-08

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 was flat at 16880.20, and China's Shanghai Composite Index was flat at 2869.90. The Taiwan Taiex index fell 2.0% to 20870.10.

Among Hang Seng constituents, Sunny Optical Technology Group Co. Ltd. was the biggest gainer during the session, gaining 3.3%, and Hansoh Pharmaceutical Group Co. Ltd. gained 2.7%. Techtronic Industries Co. Ltd. rounded out the top three movers on Thursday, as shares gained 2.7%.

Tingyi (Cayman Islands) Holding Corp. posted the largest decline among companies on the Hang Seng, dropping 7.2%, followed by shares of Orient Overseas (International) Ltd., which fell 3.9%. Shares of Trip.com Group Ltd. fell 3.8%.

Among large mainland China stocks, Hubei Mailyard Share Co. Ltd. A was the biggest gainer during the session, surging 10%, and Nanjing Central Emporium (Group) Stocks Co. Ltd. surged 10%. Lanzhou Greatwall Electrical Co. Ltd. rounded out the top three movers on Thursday, as shares surged 10%.

Sinopep-Allsino Biopharmaceutical Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of China Grand Automotive Services Co. Ltd. A, which dropped 10%. Shares of BAIC BluePark New Energy Technology Co. Ltd. A dropped 10%.

In Taiwan, Dynamic Holding Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Ace Pillar Co. Ltd. surged 10% Rich Honour International Designs Co. Ltd. rounded out the top three movers, as shares surged 10%.

Jentech Precision Industrial Co. Ltd. posted the largest decline, dropping 9.9%, followed by shares of Sunspring Metal Corp., which dropped 9.9%. Shares of Ubiqconn Technology Inc. dropped 9.9%.

On the currency front, the onshore yuan strengthened 0.3% against the U.S. dollar to CNY7.16 while the New Taiwan dollar strengthened 0.6% against the U.S. dollar at NT$32.47.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 08, 2024 03:31 ET (07:31 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Greater China Stocks Close Mixed Thursday; Hong Kong Leads Gainers

Comments