Greater China Stocks Slip Wednesday; Taiwan Sees Largest Decline

Dow Jones08-21

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

Stocks in Greater China fell on Wednesday.

Hong Kong's Hang Seng Index slipped 0.8% to 17365.69, and China's Shanghai Composite Index slipped 0.4% to 2856.58. The Taiwan Taiex index slipped 0.9% to 22237.89.

Among Hang Seng constituents, JD.com Inc. posted the largest decline, dropping 8.7%, followed by shares of CSPC Pharmaceutical Group Ltd., which dropped 6.1%. Shares of China Overseas Land & Investment Ltd. fell 3.5%.

Sunny Optical Technology Group Co. Ltd. was the biggest gainer among companies on the Hang Seng, surging 7.5%, and MTR Corp. Ltd. gained 2.2%. Tingyi (Cayman Islands) Holding Corp. rounded out the top three movers on Wednesday, as shares gained 1.7%.

Among large mainland China stocks, Shanghai Allist Pharmaceuticals Co. Ltd. A posted the largest decline, dropping 13%, followed by shares of China Grand Automotive Services Co. Ltd. A, which dropped 10%. Shares of Anzheng Fashion Group Co. Ltd. A dropped 10%.

Shanghai Jinjiang Online Network Service Co. Ltd. A was the biggest gainer during the session, surging 10%, and Zhejiang Publishing & Media Co. Ltd. A surged 10%. Yijiahe Technology Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

In Taiwan, King's Town Construction Co. Ltd. posted the biggest decline among large companies, dropping 8.5%, followed by shares of EverFocus Electronics Corp., which dropped 8.1%. Shares of Ace Pillar Co. Ltd. dropped 7.0%.

Enlight Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Sino Horizon Holdings Ltd. surged 10% Groundhog Inc. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan strengthened 0.1% against the U.S. dollar to CNY7.13 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$31.95.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 21, 2024 03:30 ET (07:30 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 Slip Wednesday; Taiwan Sees Largest Decline

Comments