Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones12-20 15:30

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

Stocks in Greater China were mixed on Friday.

Hong Kong's Hang Seng Index rose 0.1% to 19767.77, and China's Shanghai Composite Index slipped 0.1% to 3368.07. The Taiwan Taiex index fell 1.8% to 22510.25.

Among Hang Seng constituents, Kuaishou Technology posted the largest decline, dropping 5.2%, followed by shares of Alibaba Group Holding Ltd., which fell 3.4%. Shares of China Shenhua Energy Co. Ltd. fell 3.2%.

Semiconductor Manufacturing International Corp. was the biggest gainer among companies on the Hang Seng, surging 8.6%, and Tencent Holdings Ltd. gained 3.1%. Xiaomi Corp. rounded out the top three movers on Friday, as shares gained 2.9%.

Among large mainland China stocks, ShangHai Phoenix Enterprise (Group) Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Chengdu B-Ray Media Co. Ltd. A, which dropped 10%. Shares of HangZhou Nbond Nonwovens Co. Ltd. A dropped 10%.

Hangzhou Raycloud Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Suzhou Convert Semiconductor Co. Ltd. A surged 20%. Espressif Systems Shanghai Co. Ltd. A rounded out the top three movers on Friday, as shares surged 18%.

In Taiwan, Bonny Worldwide Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of Shin Tai Industry Co. Ltd., which dropped 10%. Shares of Chung Fu Tex-International Corp. dropped 9.9%.

Aurotek Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and KYE Systems Corp. surged 9.9% Cameo Communications Inc. rounded out the top three movers, as shares surged 9.8%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.70.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 20, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed; Hong Kong Leads Gainers

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