Greater China Stocks Close Mixed Wednesday; Taiwan Leads Gainers

Dow Jones08-28

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

Stocks in Greater China were mixed on Wednesday.

Hong Kong's Hang Seng Index fell 1.0% to 17695.53, and China's Shanghai Composite Index slipped 0.4% to 2837.43. The Taiwan Taiex index rose 0.8% to 22370.66.

Among Hang Seng constituents, Nongfu Spring Co. Ltd. posted the largest decline, dropping 11%, followed by shares of Shenzhou International Group Holdings Ltd., which dropped 5.7%. Shares of China Resources Land Ltd. fell 4.8%.

Hansoh Pharmaceutical Group Co. Ltd. was the biggest gainer among companies on the Hang Seng, surging 12%, and Anta Sports Products Ltd. gained 4.3%. China Resources Mixc Lifestyle Services Ltd. rounded out the top three movers on Wednesday, as shares gained 3.1%.

Among large mainland China stocks, Jiangsu New Energy Development Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Suzhou Institute of Building Science Group Co. Ltd. A, which dropped 10%. Shares of Shanghai Research Institute of Building Sciences Group Co. Ltd A dropped 8.4%.

Shanghai Serum Bio-Technology Co. Ltd. A was the biggest gainer during the session, surging 12%, and Nanjing Develop Advanced Manufacturing Co. Ltd. A surged 11%. Guangxi Radio & Television Information Network Corp. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

In Taiwan, Leadtek Research Inc. posted the biggest decline among large companies, dropping 5.5%, followed by shares of Hsin Ba Ba Corp., which dropped 5.0%. Shares of Tong Ming Enterprise Co. Ltd. fell 4.1%.

Tanvex BioPharma Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Advanced Optoelectronic Technology Inc. surged 10% G-TECH Optoelectronics Corp. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.13 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$31.98.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 28, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed Wednesday; Taiwan Leads Gainers

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