Greater China Stocks Gain; Hong Kong Sees Largest Increase

Dow Jones10-18

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index gained 3.3% to 20751.19, and China's Shanghai Composite Index gained 2.9% to 3261.56. The Taiwan Taiex index gained 1.9% to 23487.27.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, surging 14%, and BYD Electronic (International) Co. Ltd. surged 9.8%. Alibaba Health Information Technology Ltd. rounded out the top three movers on Friday, as shares surged 9.2%.

Power Assets Holdings Ltd. posted the largest decline among companies on the Hang Seng, slipping 0.3%, followed by shares of CNOOC Ltd., which was flat. Shares of China Hongqiao Group Ltd. rose 0.2%.

Among large mainland China stocks, Joulwatt Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Suzhou Convert Semiconductor Co. Ltd. A surged 20%. MLOptic Corp. A rounded out the top three movers on Friday, as shares surged 20%.

Sichuan Road & Bridge Co. Ltd. posted the largest decline, dropping 6.3%, followed by shares of Chahua Modern Housewares Co. Ltd. A, which fell 4.9%. Shares of Chongqing Sifang New Materials Co. Ltd. A fell 4.1%.

In Taiwan, Symtek Automation Asia Co. Ltd. was the biggest gainer among large companies during the session, surging 9.8%, and Hiwin Mikrosystem Corp. surged 9.7% Sino Horizon Holdings Ltd. rounded out the top three movers, as shares surged 9.0%.

LARGAN Precision Co. Ltd. posted the largest decline, dropping 8.6%, followed by shares of RichWave Technology Corp., which dropped 7.0%. Shares of PCL Technologies Inc. dropped 6.6%.

On the currency front, the onshore yuan strengthened 0.2% against the U.S. dollar to CNY7.11 while the New Taiwan dollar strengthened 0.3% against the U.S. dollar at NT$32.05.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 18, 2024 03:31 ET (07:31 GMT)

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Greater China Stocks Gain; Hong Kong Sees Largest Increase

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