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Greater China Stocks Slip; Taiwan Posts Largest Decline

Dow Jones01-09

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 slipped 0.1% to 19264.80, and China's Shanghai Composite Index slipped 0.6% to 3211.39. The Taiwan Taiex index fell 1.4% to 23081.13.

Among Hang Seng constituents, Li Ning Co. Ltd. posted the largest decline, dropping 5.5%, followed by shares of Zhongsheng Group Holdings Ltd., which fell 3.9%. Shares of Li Auto Inc. fell 3.9%.

Tingyi (Cayman Islands) Holding Corp. was the biggest gainer among companies on the Hang Seng, surging 13%, and China Hongqiao Group Ltd. surged 5.3%. Anta Sports Products Ltd. rounded out the top three movers on Thursday, as shares gained 4.3%.

Among large mainland China stocks, Shandong Kexing Bioproducts Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of Zhejiang Aokang Shoes Co. Ltd., which dropped 10%. Shares of Shandong Lukang Pharmaceutical Co. Ltd. A dropped 10%.

Baotailong New Materials Co. Ltd. A was the biggest gainer during the session, surging 10%, and Liaoning Shidai Wanheng Co. Ltd. A surged 10%. Epoxy Base Electronic Material Corp. Ltd. rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Lemtech Holdings Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of Asia Optical Co. Inc., which dropped 9.9%. Shares of KHGears International Ltd. dropped 9.8%.

Vactronics Technologies Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Tingyi (Cayman Islands) Holding Corp. TDR surged 9.9% Adimmune Corp. 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 CNY7.33 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.93.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 09, 2025 02:30 ET (07:30 GMT)

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