Greater China Stocks Rise; Taiwan Posts Largest Increase

Dow Jones10-25

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 rose 0.5% to 20587.56, and China's Shanghai Composite Index rose 0.6% to 3299.70. The Taiwan Taiex index rose 0.7% to 23348.45.

Among Hang Seng constituents, Xinyi Solar Holdings Ltd. was the biggest gainer during the session, surging 19%, and Geely Automobile Holdings Ltd. surged 7.5%. WuXi AppTec Co. Ltd. rounded out the top three movers on Friday, as shares surged 6.8%.

China Hongqiao Group Ltd. posted the largest decline among companies on the Hang Seng, dropping 5.3%, followed by shares of China Unicom (Hong Kong) Ltd., which fell 3.2%. Shares of Tingyi (Cayman Islands) Holding Corp. fell 2.2%.

Among large mainland China stocks, Jiangsu HSC New Energy Materials Co. Ltd. A was the biggest gainer during the session, surging 20%, and Xinjiang Daqo New Energy Co. Ltd. A surged 20%. Changzhou Shichuang Energy Co. Ltd. A rounded out the top three movers on Friday, as shares surged 20%.

Baoding Tianwei Baodian Electric Co. Ltd. A posted the largest decline, dropping 5.8%, followed by shares of MayAir Technology (China) Co. Ltd. A, which fell 5.0%. Shares of Tianfeng Securities Co. Ltd. A fell 4.7%.

In Taiwan, Waffer Technology Corp. was the biggest gainer among large companies during the session, surging 10%, and Meiloon Industrial Co. Ltd. surged 9.9% Taiwan Pelican Express Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

Zero One Technology Co. Ltd. posted the largest decline, dropping 9.0%, followed by shares of Kung Sing Engineering Corp., which dropped 6.1%. Shares of Paiho Shih Holdings Corp. dropped 6.1%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.12 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.06.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 25, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Rise; Taiwan Posts Largest Increase

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