Greater China Stocks Slip; Hong Kong Sees Largest Decline

Dow Jones2024-10-30

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

Stocks in Greater China fell on Wednesday.

Hong Kong's Hang Seng Index fell 1.7% to 20356.14, and China's Shanghai Composite Index slipped 0.6% to 3266.24. The Taiwan Taiex index slipped 0.5% to 22820.43.

Among Hang Seng constituents, Hansoh Pharmaceutical Group Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Semiconductor Manufacturing International Corp., which dropped 7.5%. Shares of Wuxi Biologics (Cayman) Inc. fell 4.2%.

WH Group Ltd. was the biggest gainer among companies on the Hang Seng, rising 1.0%, and Longfor Group Holdings Ltd. rose 0.5%. China Overseas Land & Investment Ltd. rounded out the top three movers on Wednesday, as shares rose 0.4%.

Among large mainland China stocks, Xi'An Bright Laser Technologies Co. Ltd. A posted the largest decline, dropping 13%, followed by shares of Bangyan Technology Co. Ltd. A, which dropped 10%. Shares of Wuxi New Hongtai Electrical Technology Co. Ltd. A dropped 10%.

Linkage Software Co. Ltd. A was the biggest gainer during the session, surging 20%, and Fujian Forecam Optics Co. Ltd. A surged 20%. Hangzhou Huaguang Advanced Welding Materials Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 19%.

In Taiwan, Sixxon Tech Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of Creative Sensor Inc., which dropped 8.2%. Shares of Polytronics Technology Corp. dropped 7.8%.

FIC Global Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and San Fang Chemical Industry Co. Ltd. surged 10% Foxconn Technology Co. Ltd. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.13 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.01.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

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

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Greater China Stocks Slip; Hong Kong Sees Largest Decline

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