Greater China Stocks Close Mixed Friday; Shanghai Leads Gainers

Dow Jones08-23

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

Stocks in Greater China were mixed on Friday.

Hong Kong's Hang Seng Index slipped 0.1% to 17614.97, and China's Shanghai Composite Index rose 0.2% to 2854.37. The Taiwan Taiex index was flat at 22158.05.

Among Hang Seng constituents, Ping An Insurance (Group) Co. of China Ltd. was the biggest gainer during the session, gaining 3.4%, and Li Ning Co. Ltd. gained 2.3%. Shenzhou International Group Holdings Ltd. rounded out the top three movers on Friday, as shares gained 2.1%.

Netease Inc. posted the largest decline among companies on the Hang Seng, dropping 11%, followed by shares of Hansoh Pharmaceutical Group Co. Ltd., which dropped 7.0%. Shares of Orient Overseas (International) Ltd. dropped 6.8%.

Among large mainland China stocks, Heilongjiang Interchina Water Treatment Co. Ltd. A was the biggest gainer during the session, surging 10%, and Dongguan Huali Industries Co. Ltd. A surged 10%. Sichuan Changhong Electric Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

SWS Hemodialysis Care Co. Ltd. A posted the largest decline, dropping 15%, followed by shares of Road Environment Technology Co. Ltd. A, which dropped 13%. Shares of Sunshine Guojian Pharmaceutical Shanghai Co. Ltd. A dropped 12%.

In Taiwan, G-TECH Optoelectronics Corp. was the biggest gainer among large companies during the session, surging 9.9%, and Tong Ming Enterprise Co. Ltd. surged 9.9% Taiflex Scientific Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

SeSoda Corp. posted the largest decline, dropping 7.3%, followed by shares of Unitech Electronics Co. Ltd., which dropped 7.3%. Shares of Da-Li Development Co. Ltd. dropped 6.2%.

On the currency front, the onshore yuan strengthened 0.1% against the U.S. dollar to CNY7.14 while the New Taiwan dollar held steady against the U.S. dollar at NT$31.97.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 23, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Close Mixed Friday; Shanghai Leads Gainers

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