Greater China Stocks Rise; Shanghai Sees Largest Increase

Dow Jones
2024-11-04

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

Stocks in Greater China gained on Monday.

Hong Kong's Hang Seng Index rose 0.2% to 20555.12, and China's Shanghai Composite Index gained 1.2% to 3310.21. The Taiwan Taiex index rose 0.8% to 22965.39.

Among Hang Seng constituents, Trip.com Group Ltd. was the biggest gainer during the session, gaining 4.8%, and Geely Automobile Holdings Ltd. gained 4.3%. BYD Co. Ltd. rounded out the top three movers on Monday, as shares gained 3.4%.

Zhongsheng Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 2.4%, followed by shares of China Resources Mixc Lifestyle Services Ltd., which fell 2.0%. Shares of Sino Biopharmaceutical Ltd. fell 1.9%.

Among large mainland China stocks, Shanghai Electric Wind Power Group Co. Ltd. A was the biggest gainer during the session, surging 20%, and Leader Harmonious Drive Systems Co. Ltd. A surged 20%. HOB Biotech Group Corp. Ltd. A rounded out the top three movers on Monday, as shares surged 20%.

Guandian Defense Technology Co. Ltd. A posted the largest decline, dropping 16%, followed by shares of Darbond Technology Co. Ltd. A, which dropped 16%. Shares of Guangxi Fenglin Wood Industry Group Co. Ltd. dropped 10%.

In Taiwan, Taiwan Environment Scientific Co. Ltd. was the biggest gainer among large companies during the session, surging 21%, and Sports Gear Co. Ltd. surged 10% HannsTouch Solution Inc. rounded out the top three movers, as shares surged 10%.

Leadtek Research Inc. posted the largest decline, dropping 9.7%, followed by shares of Jess-Link Products Co. Ltd., which dropped 9.2%. Shares of King's Town Construction Co. Ltd. dropped 7.7%.

On the currency front, the onshore yuan strengthened 0.3% against the U.S. dollar to CNY7.10 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$31.89.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 04, 2024 02:30 ET (07:30 GMT)

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