Greater China Stocks Slip; Hong Kong Sees Largest Decline

Dow Jones11-14

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

Stocks in Greater China fell on Thursday.

Hong Kong's Hang Seng Index fell 2.2% to 19395.88, and China's Shanghai Composite Index fell 1.7% to 3379.84. The Taiwan Taiex index slipped 0.6% to 22715.38.

Among Hang Seng constituents, Longfor Group Holdings Ltd. posted the largest decline, dropping 7.5%, followed by shares of Zhongsheng Group Holdings Ltd., which dropped 7.3%. Shares of WuXi AppTec Co. Ltd. dropped 7.1%.

Hansoh Pharmaceutical Group Co. Ltd. was the biggest gainer among companies on the Hang Seng, rising 0.9%, and Tingyi (Cayman Islands) Holding Corp. rose 0.6%. Henderson Land Development Co. Ltd. rounded out the top three movers on Thursday, as shares was flat.

Among large mainland China stocks, Wave Cyber (Shanghai) Co. Ltd. A posted the largest decline, dropping 13%, followed by shares of Shanghai Electric Wind Power Group Co. Ltd. A, which dropped 12%. Shares of Beijing Haitian Ruisheng Science Technology Ltd. A dropped 11%.

Shenzhen Xinyuren Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Fujian Start Group Co. Ltd. A surged 10%. Ningbo Construction Co. Ltd. rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Xavi Technologies Corp. posted the biggest decline among large companies, dropping 10%, followed by shares of EDOM Technology Co. Ltd., which dropped 9.9%. Shares of De Licacy Industrial Co. Ltd. dropped 9.1%.

Cryomax Cooling System Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and TaiSol Electronics Co. Ltd. surged 9.9% Hold-Key Electric Wire & Cable Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.24 while the New Taiwan dollar weakened 0.3% against the U.S. dollar at NT$32.57.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 14, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Slip; Hong Kong Sees Largest Decline

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