Greater China Stocks Slip; Hong Kong Sees Largest Decline

Dow Jones11-28 15:30

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 1.3% to 19352.29, and China's Shanghai Composite Index slipped 0.4% to 3295.70. The Taiwan Taiex index slipped 0.2% to 22298.90.

Among Hang Seng constituents, Tingyi (Cayman Islands) Holding Corp. posted the largest decline, falling 4.2%, followed by shares of China Resources Beer (Holdings) Co. Ltd., which fell 3.9%. Shares of Zhongsheng Group Holdings Ltd. fell 3.9%.

Geely Automobile Holdings Ltd. was the biggest gainer among companies on the Hang Seng, surging 5.0%, and Sunny Optical Technology Group Co. Ltd. gained 1.9%. CK Infrastructure Holdings Ltd. rounded out the top three movers on Thursday, as shares gained 1.1%.

Among large mainland China stocks, Genew Technologies Co. Ltd. A posted the largest decline, dropping 19%, followed by shares of Yueyang Forest & Paper Co. Ltd., which dropped 10%. Shares of Ningbo Techmation Co. Ltd. dropped 9.8%.

Longyan Zhuoyue New Energy Co. Ltd. was the biggest gainer during the session, surging 20%, and Beijing Hotgen Biotech Co. Ltd. A surged 20%. Shenzhen Bluetrum Technology Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 13%.

In Taiwan, Kinpo Electronics Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Daxin Materials Corp., which dropped 9.9%. Shares of FitTech Co. Ltd. dropped 9.8%.

Bright Led Electronics Corp. was the biggest gainer among large Taiwan companies during the session, surging 7.9%, and Edison Opto Corp. surged 7.1% Nichidenbo Corp. rounded out the top three movers, as shares surged 6.7%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.25 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.54.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 28, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Slip; Hong Kong Sees Largest Decline

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