Greater China Stocks Close Mixed; Shanghai Leads Gainers

Dow Jones10-08

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

Stocks in Greater China were mixed on Tuesday.

Hong Kong's Hang Seng Index dropped 7.8% to 21292.33, and China's Shanghai Composite Index gained 4.6% to 3489.78. The Taiwan Taiex index slipped 0.4% to 22611.39.

Among Hang Seng constituents, Longfor Group Holdings Ltd. posted the largest decline, dropping 19%, followed by shares of China Life Insurance Co. Ltd., which dropped 19%. Shares of China Resources Mixc Lifestyle Services Ltd. dropped 18%.

CSPC Pharmaceutical Group Ltd. was the biggest gainer among companies on the Hang Seng, rising 0.6%, and Power Assets Holdings Ltd. rose 0.2%. Hansoh Pharmaceutical Group Co. Ltd. rounded out the top three movers on Tuesday, as shares slipping 0.9%.

Among large mainland China stocks, JCHX Mining Management Co. Ltd. A posted the largest decline, dropping 5.4%, followed by shares of Shaanxi Coal Industry Co. Ltd., which dropped 5.1%. Shares of Beijing Airport High-Tech Park Co. Ltd. A fell 4.7%.

Guangzhou Anyka Microelectronics Co. Ltd. A was the biggest gainer during the session, surging 20%, and Beijing Infosec Technologies Co. Ltd. A surged 20%. Wuhan Citms Technology Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 20%.

In Taiwan, Sunko Ink Co. Ltd. posted the biggest decline among large companies, dropping 9.9%, followed by shares of China Glaze Co. Ltd., which dropped 7.9%. Shares of Taita Chemical Co. Ltd. dropped 7.4%.

Loop Telecommunication International Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Alltek Technology Corp. surged 9.9% Silicon Integrated Systems Corp. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.5% against the U.S. dollar to CNY7.06 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.20.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 08, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Close Mixed; Shanghai Leads Gainers

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