Greater China Stocks Rise; Hong Kong Sees Largest Increase

Dow Jones12-12

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

Stocks in Greater China gained on Thursday.

Hong Kong's Hang Seng Index gained 1.6% to 20484.88, and China's Shanghai Composite Index rose 0.8% to 3461.50. The Taiwan Taiex index rose 0.6% to 23046.80.

Among Hang Seng constituents, China Mengniu Dairy Co. Ltd. was the biggest gainer during the session, surging 8.9%, and China Resources Beer (Holdings) Co. Ltd. surged 6.6%. Budweiser Brewing Co. APAC Ltd. rounded out the top three movers on Thursday, as shares surged 5.4%.

Techtronic Industries Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 2.1%, followed by shares of WuXi AppTec Co. Ltd., which fell 1.0%. Shares of Wuxi Biologics (Cayman) Inc. slipped 1.0%.

Among large mainland China stocks, Chengdu M&S Electronics Technology Co. Ltd. A was the biggest gainer during the session, surging 14%, and Lontium Semiconductor Corp. A surged 10%. Tande Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 10%.

Jilin Joinature Polymer Co. Ltd. posted the largest decline, dropping 12%, followed by shares of JDM JingDa Machine Ningbo Co. Ltd., which dropped 10%. Shares of Zhejiang He Chuan Technology Corp. Ltd. A dropped 9.6%.

In Taiwan, Caliway Biopharmaceuticals Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and TBI Motion Technology Co. Ltd. surged 9.9% Aurotek Corp. rounded out the top three movers, as shares surged 9.9%.

Zero One Technology Co. Ltd. posted the largest decline, dropping 9.9%, followed by shares of Hong Ho Precision Textile Co. Ltd., which dropped 7.5%. Shares of Formosa Oilseed Processing Co. Ltd. dropped 6.9%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.26 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.49.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 12, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Rise; Hong Kong Sees Largest Increase

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