Greater China Stocks Gain; Hong Kong Sees Largest Increase

Dow Jones10-10

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

Stocks in Greater China gained on Thursday.

Hong Kong's Hang Seng Index gained 2.7% to 21204.70, and China's Shanghai Composite Index gained 1.3% to 3301.93. Taiwan's stock exchange was closed..

Among Hang Seng constituents, Geely Automobile Holdings Ltd. was the biggest gainer during the session, surging 9.2%, and China Resources Beer (Holdings) Co. Ltd. surged 9.0%. Trip.com Group Ltd. rounded out the top three movers on Thursday, as shares surged 8.0%.

Semiconductor Manufacturing International Corp. posted the largest decline among companies on the Hang Seng, falling 5.0%, followed by shares of Sun Hung Kai Properties Ltd., which fell 1.3%. Shares of Netease Inc. fell 1.1%.

Among large mainland China stocks, Guangdong Greenway Technology Co. Ltd. A was the biggest gainer during the session, surging 11%, and Beijing Tieke Shougang Railway-Tech Co. Ltd. A surged 11%. Aurora Optoelectronics Co. Ltd. rounded out the top three movers on Thursday, as shares surged 10%.

Shanghai Information2 Software Inc. A posted the largest decline, dropping 20%, followed by shares of Smartgiant Technology Co. Ltd. A, which dropped 20%. Shares of Guangzhou Risong Intelligent Technology Holding Co. Ltd. A dropped 20%.

On the currency front, the onshore yuan strengthened 0.1% against the U.S. dollar to CNY7.07 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.26.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

October 10, 2024 03:30 ET (07:30 GMT)

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