Greater China Stocks Slip; Shanghai Posts Largest Decline

Dow Jones01-02

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 19620.79, and China's Shanghai Composite Index fell 2.7% to 3262.56. The Taiwan Taiex index slipped 0.9% to 22832.06.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. posted the largest decline, dropping 7.7%, followed by shares of JD Health International Inc., which dropped 5.7%. Shares of Xinyi Solar Holdings Ltd. dropped 5.4%.

Zijin Mining Group Co. Ltd. was the biggest gainer among companies on the Hang Seng, rising 0.1%, and New Oriental Education & Technology Group Inc. was flat. Tencent Holdings Ltd. rounded out the top three movers on Thursday, as shares was flat.

Among large mainland China stocks, Huaihe Energy (Group) Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Neusoft Corp., which dropped 10%. Shares of Harson Trading (China) Co. Ltd. A dropped 10%.

Hangzhou Raycloud Technology Co. Ltd. A was the biggest gainer during the session, surging 13%, and Wenfeng Great World Chain Development Corp. surged 10%. Shanghai Yimin Commercial Group Co. Ltd. rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Horizon Fixture Group Co. Ltd. posted the biggest decline among large companies, dropping 8.2%, followed by shares of Ezconn Corp., which dropped 7.8%. Shares of HIWIN Technologies Corp. dropped 6.2%.

AzureWave Technologies Inc. was the biggest gainer among large Taiwan companies during the session, surging 9.9%, and Anji Technology Co. Ltd. surged 9.9% Global Brands Manufacture Ltd. rounded out the top three movers, as shares surged 9.9%.

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$32.88.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

January 02, 2025 02:30 ET (07:30 GMT)

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Greater China Stocks Slip; Shanghai Posts Largest Decline

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