Greater China Stocks Close Mixed; Shanghai Leads Gainers

Hong Kong stocks fell further than yesterday after Chinese tech stocks suffered a hit when the U.S. dragged dozens of Chinese companies into a list of military entities.

The Hang Seng Index fell 1.22%, or 240.71 points, to close at 19,447.58 on Tuesday. The Hang Seng China Enterprises Index fell 1.20%, or 85.77 points, to end at 7,049.71.

U.S.A. categorized Tencent along with Contemporary Amperex Technology as Chinese military entities, resulting in heightened geo-political tensions. The move made Tencent close nearly 8% lower on Tuesday.

In market News, Tencent closed nearly 8% lower on Tuesday, followed by Xiaomi closing over 6% lower. Meituan , Alibaba Group , and Ping An Insurance (Group) all closed in red.

In corporate news, CMOC Group's output volume for most of its major products grew year on year in 2024 with the shares of the company closing over 4% higher on Tuesday.

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

Stocks in Greater China were mixed on Tuesday.

Hong Kong's Hang Seng Index fell 1.5% to 19383.53, and China's Shanghai Composite Index rose 0.7% to 3229.64. The Taiwan Taiex index rose 0.4% to 23651.27.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, gaining 4.7%, and Xinyi Solar Holdings Ltd. gained 3.8%. Li Ning Co. Ltd. rounded out the top three movers on Tuesday, as shares gained 2.9%.

Tencent Holdings Ltd. posted the largest decline among companies on the Hang Seng, dropping 7.5%, followed by shares of Xiaomi Corp., which dropped 7.2%. Shares of Wuxi Biologics (Cayman) Inc. fell 3.1%.

Among large mainland China stocks, Henan ShiJia Photons Technology Co. Ltd. A was the biggest gainer during the session, surging 17%, and Joulwatt Technology Co. Ltd. A surged 16%. Suzhou Recodeal Interconnect System Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 15%.

Qingdao Haier Biomedical Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of Shanghai Jiaoda Onlly Co. Ltd. A, which dropped 10%. Shares of Shanghai Yimin Commercial Group Co. Ltd. dropped 10%.

In Taiwan, Ventec International Group Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and General Interface Solution (GIS) Holding Ltd. surged 10% EverFocus Electronics Corp. rounded out the top three movers, as shares surged 9.9%.

Loop Telecommunication International Inc. posted the largest decline, dropping 10%, followed by shares of Cub Elecparts Inc., which dropped 8.4%. Shares of TBI Motion Technology Co. Ltd. dropped 6.7%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.33 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.72.

Data source: Dow Jones Market Data, FactSet

Darbond Technology is planning to acquire an 89.42% stake in Suzhou Taijino New Material Technology for 257.8 million yuan.

Suzhou Taijino New Material Technology specializes in developing thermal conductive interface materials used in semiconductor integrated circuit packaging, according to a Friday filing with the Shanghai bourse.

Shares of Darbond Technology closed 5% higher Friday.

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

Stocks in Greater China were mixed on Wednesday.

Hong Kong's stock exchange was closed, while China's Shanghai Composite Index was flat at 3393.35. The Taiwan Taiex index rose 0.4% to 23220.13.

Among large mainland China stocks, Dongguan Dingtong Precision Metal Co. Ltd. A was the biggest gainer during the session, surging 20%, and Hygon Information Technology Co. Ltd. A surged 11%. Baida Group Co. Ltd. A rounded out the top three movers on Wednesday, as shares surged 10%.

EFORT Intelligent Equipment Co. Ltd. posted the largest decline, dropping 20%, followed by shares of Hangzhou Raycloud Technology Co. Ltd. A, which dropped 10%. Shares of Dawei Technology (Guangdong) Group Co. Ltd. A dropped 10%.

In Taiwan, Calin Technology Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and EverFocus Electronics Corp. surged 10% Creative Sensor Inc. rounded out the top three movers, as shares surged 9.9%.

Evergreen Steel Corp. posted the largest decline, falling 4.3%, followed by shares of Cal-Comp Electronics (Thailand) PCL TDR, which fell 4.2%. Shares of Ta Liang Technology Co. Ltd. fell 3.0%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.74.

Data source: Dow Jones Market Data, FactSet