Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones09-27 15:30

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 gained 3.1% to 20533.66, and China's Shanghai Composite Index gained 2.9% to 3087.53. The Taiwan Taiex index slipped 0.2% to 22822.79.

Among Hang Seng constituents, WuXi AppTec Co. Ltd. was the biggest gainer during the session, surging 23%, and New World Development Co. Ltd. surged 20%. Longfor Group Holdings Ltd. rounded out the top three movers on Friday, as shares surged 15%.

China Construction Bank Corp. posted the largest decline among companies on the Hang Seng, falling 4.4%, followed by shares of Bank of China Ltd., which fell 3.7%. Shares of WH Group Ltd. fell 3.6%.

Among large mainland China stocks, Shanghai Information2 Software Inc. A was the biggest gainer during the session, surging 20%, and Guotai Epoint Software Co. Ltd. A surged 20%. Chengdu Qinchuan IoT Technology Co. Ltd. A rounded out the top three movers on Friday, as shares surged 20%.

SEC Electric Machinery Co. Ltd. posted the largest decline, falling 4.6%, followed by shares of China Construction Bank Corp., which fell 3.9%. Shares of Agricultural Bank of China Ltd. fell 3.9%.

In Taiwan, Sixxon Tech Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Hai Kwang Enterprise Corp. surged 10% Chung Hung Steel Corp. rounded out the top three movers, as shares surged 10%.

Elite Advanced Laser Corp. posted the largest decline, dropping 7.8%, followed by shares of Via Technologies Inc., which dropped 5.8%. Shares of Aces Electronics Co. Ltd. dropped 5.2%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.01 while the New Taiwan dollar strengthened 0.4% against the U.S. dollar at NT$31.55.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 27, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed; Hong Kong Leads Gainers

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