Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones09-27

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment