Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones11-06

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

Stocks in Greater China were mixed on Wednesday.

Hong Kong's Hang Seng Index fell 2.7% to 20440.80, and China's Shanghai Composite Index slipped 0.1% to 3383.81. The Taiwan Taiex index rose 0.5% to 23217.38.

Among Hang Seng constituents, Xinyi Solar Holdings Ltd. posted the largest decline, dropping 5.9%, followed by shares of Shenzhou International Group Holdings Ltd., which dropped 5.4%. Shares of Sunny Optical Technology Group Co. Ltd. fell 4.9%.

Zhongsheng Group Holdings Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.0%, and WuXi AppTec Co. Ltd. gained 1.8%. Link Real Estate Investment Trust rounded out the top three movers on Wednesday, as shares gained 1.6%.

Among large mainland China stocks, Shanghai Bright Power Semiconductor Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Shuangliang Eco-Energy Systems Co. Ltd., which dropped 10%. Shares of Guangdong Songfa Ceramics Co. Ltd. dropped 10%.

Guangzhou Hexin Instrument Co. Ltd. A was the biggest gainer during the session, surging 20%, and Shanghai Suochen Information Technology Co. Ltd. A surged 20%. Gstarsoft Co. Ltd. rounded out the top three movers on Wednesday, as shares surged 20%.

In Taiwan, Epileds Technologies Inc. posted the biggest decline among large companies, dropping 8.8%, followed by shares of SDI Corp., which dropped 7.3%. Shares of My Humble House Hospitality Management Consulting Co. Ltd. dropped 7.2%.

Taiwan Environment Scientific Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 21%, and FIC Global Inc. surged 10% Cal-Comp Electronics (Thailand) PCL TDR rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.7% against the U.S. dollar to CNY7.16 while the New Taiwan dollar weakened 0.9% against the U.S. dollar at NT$32.20.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 06, 2024 02:30 ET (07:30 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Greater China Stocks Close Mixed; Taiwan Leads Gainers

Comments