Greater China Stocks Close Mixed Thursday; Shanghai Leads Gainers

Dow Jones08-15

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 17106.75, and China's Shanghai Composite Index rose 0.9% to 2877.36. The Taiwan Taiex index slipped 0.6% to 21895.17.

Among Hang Seng constituents, Sino Biopharmaceutical Ltd. was the biggest gainer during the session, surging 5.3%, and Netease Inc. gained 4.1%. China Shenhua Energy Co. Ltd. rounded out the top three movers on Thursday, as shares gained 3.8%.

Zhongsheng Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 4.4%, followed by shares of Li Ning Co. Ltd., which fell 4.1%. Shares of Alibaba Health Information Technology Ltd. fell 4.0%.

Among large mainland China stocks, Damon Technology Co. Ltd. A was the biggest gainer during the session, surging 12%, and Tianjin Jintou Urban Development Co. Ltd. A surged 10%. Dasheng Times Cultural Investment Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 10%.

Jiangsu Cowin Biotech Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of China Grand Automotive Services Co. Ltd. A, which dropped 10%. Shares of Mubang High-Tech Co. Ltd. A dropped 8.5%.

In Taiwan, Sunspring Metal Corp. was the biggest gainer among large companies during the session, surging 10%, and King's Town Construction Co. Ltd. surged 10% Nien Made Enterprise Co. Ltd. rounded out the top three movers, as shares surged 10%.

Unitech Electronics Co. Ltd. posted the largest decline, dropping 5.6%, followed by shares of Allis Electric Co. Ltd., which fell 4.1%. Shares of Sports Gear Co. Ltd. fell 3.7%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.15 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.28.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 15, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed Thursday; Shanghai Leads Gainers

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