Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
03-20

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

Stocks in Greater China were mixed on Thursday.

Hong Kong's Hang Seng Index fell 2.2% to 24219.95, and China's Shanghai Composite Index slipped 0.5% to 3408.95. The Taiwan Taiex index gained 1.9% to 22377.26.

Among Hang Seng constituents, Alibaba Health Information Technology Ltd. posted the largest decline, dropping 6.4%, followed by shares of China Life Insurance Co. Ltd., which dropped 5.9%. Shares of CK Infrastructure Holdings Ltd. dropped 5.7%.

CSPC Pharmaceutical Group Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.6%, and Orient Overseas (International) Ltd. gained 1.7%. BYD Co. Ltd. rounded out the top three movers on Thursday, as shares gained 1.7%.

Among large mainland China stocks, MGI Tech Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Shanghai Fengyuzhu Culture Technology Co. Ltd. A, which dropped 9.6%. Shares of Jiangsu Lettall Electronic Co. Ltd. A dropped 8.7%.

Shaanxi Heimao Coking Co. Ltd. was the biggest gainer during the session, surging 10%, and Shanghai Zhenhua Heavy Industry Co. Ltd. surged 10%. Anhui Wanwei Updated High-Tech Material Industry Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 10%.

In Taiwan, Microelectronics Technology Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Formosa Pharmaceuticals Inc., which fell 3.3%. Shares of Cathay Chemical Works Inc. fell 2.8%.

Adlink Technology Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Abonmax Co. Ltd. surged 9.9% Syscom Computer Engineering Co. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.24 while the New Taiwan dollar held steady against the U.S. dollar at NT$33.01.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 20, 2025 04:30 ET (08:30 GMT)

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