Greater China Stocks Rise Friday; Hong Kong Posts Largest Increase

Dow Jones08-30

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index gained 1.4% to 18029.14, and China's Shanghai Composite Index rose 0.7% to 2842.21. The Taiwan Taiex index rose 0.3% to 22268.09.

Among Hang Seng constituents, Li Auto Inc. was the biggest gainer during the session, surging 7.7%, and China Resources Mixc Lifestyle Services Ltd. surged 7.4%. Haier Smart Home Co. Ltd. rounded out the top three movers on Friday, as shares surged 6.4%.

China Merchants Bank Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 4.1%, followed by shares of Hansoh Pharmaceutical Group Co. Ltd., which fell 3.8%. Shares of Industrial & Commercial Bank of China Ltd. fell 3.0%.

Among large mainland China stocks, Anhui Estone Materials Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Sansec Technology Co. Ltd. A surged 14%. Jiangsu Eazytec Co. Ltd. A rounded out the top three movers on Friday, as shares surged 12%.

Guandian Defense Technology Co. Ltd. A posted the largest decline, dropping 7.0%, followed by shares of Ninebot Ltd. A, which dropped 6.9%. Shares of China Testing & Certification International Group Co. Ltd. A dropped 6.4%.

In Taiwan, Turvo International Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and NIDEC Chaun-Choung Technology Corp. surged 10% G-TECH Optoelectronics Corp. rounded out the top three movers, as shares surged 10%.

Ezconn Corp. posted the largest decline, dropping 9.2%, followed by shares of Roundtop Machinery Industries Co. Ltd., which dropped 8.2%. Shares of Aces Electronics Co. Ltd. dropped 6.7%.

On the currency front, the onshore yuan strengthened 0.2% against the U.S. dollar to CNY7.09 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$31.96.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

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

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