Greater China Stocks Rise; Taiwan Posts Largest Increase

Dow Jones09-25

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

Stocks in Greater China gained on Wednesday.

Hong Kong's Hang Seng Index rose 0.8% to 19143.09, and China's Shanghai Composite Index gained 1.2% to 2896.31. The Taiwan Taiex index gained 1.5% to 22761.60.

Among Hang Seng constituents, Alibaba Health Information Technology Ltd. was the biggest gainer during the session, gaining 4.8%, and China Merchants Bank Co. Ltd. gained 4.7%. Wuxi Biologics (Cayman) Inc. rounded out the top three movers on Wednesday, as shares gained 4.0%.

Xiaomi Corp. posted the largest decline among companies on the Hang Seng, falling 2.8%, followed by shares of Sunny Optical Technology Group Co. Ltd., which fell 2.2%. Shares of China Resources Land Ltd. fell 2.2%.

Among large mainland China stocks, Smartgiant Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Minmetals Capital Co. Ltd. A surged 10%. Xinjiang Youhao Group Co. Ltd. rounded out the top three movers on Wednesday, as shares surged 10%.

Baoding Tianwei Baodian Electric Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Datang Telecom Technology Co. Ltd. A, which dropped 9.9%. Shares of Beijing Roborock Technology Co. Ltd. A dropped 8.7%.

In Taiwan, Leadtrend Technology Corp. was the biggest gainer among large companies during the session, surging 10%, and RichWave Technology Corp. surged 10% Aces Electronics Co. Ltd. rounded out the top three movers, as shares surged 10%.

CyberTAN Technology Inc. posted the largest decline, dropping 6.0%, followed by shares of Sports Gear Co. Ltd., which dropped 5.1%. Shares of SDI Corp. fell 4.8%.

On the currency front, the onshore yuan strengthened 0.2% against the U.S. dollar to CNY7.02 while the New Taiwan dollar held steady against the U.S. dollar at NT$31.86.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 25, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Rise; Taiwan Posts Largest Increase

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