Greater China Stocks Close Mixed Tuesday; Taiwan Leads Gainers

Dow Jones08-06

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 0.1% to 16688.01, and China's Shanghai Composite Index rose 0.2% to 2867.28. The Taiwan Taiex index gained 3.4% to 20501.02.

Among Hang Seng constituents, Hansoh Pharmaceutical Group Co. Ltd. was the biggest gainer during the session, surging 7.4%, and WuXi AppTec Co. Ltd. surged 6.5%. Li Ning Co. Ltd. rounded out the top three movers on Tuesday, as shares gained 3.9%.

China Life Insurance Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 4.5%, followed by shares of Sands China Ltd., which fell 4.0%. Shares of Budweiser Brewing Co. APAC Ltd. fell 3.8%.

Among large mainland China stocks, Jiangsu Cowin Biotech Co. Ltd. A was the biggest gainer during the session, surging 13%, and Maider Medical Industry Equipment Co. Ltd. surged 13%. Hubei Mailyard Share Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 10%.

China Grand Automotive Services Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Yunnan Yunwei Co. Ltd. A, which dropped 10%. Shares of Shanghai Dazhong Public Utilities (Group) Co. Ltd. dropped 10%.

In Taiwan, Luxe Green Energy Technology Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Asia Optical Co. Inc. surged 9.9% Elite Material Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

Hung Ching Development & Construction Co. Ltd. posted the largest decline, dropping 10%, followed by shares of King's Town Construction Co. Ltd., which dropped 10%. Shares of Metaage Corp. dropped 10%.

On the currency front, the onshore yuan weakened 0.3% against the U.S. dollar to CNY7.15 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.70.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 06, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Close Mixed Tuesday; Taiwan Leads Gainers

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