Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones
2024-11-18

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

Stocks in Greater China were mixed on Monday.

Hong Kong's Hang Seng Index rose 0.8% to 19586.88, and China's Shanghai Composite Index slipped 0.2% to 3323.85. The Taiwan Taiex index slipped 0.9% to 22546.54.

Among Hang Seng constituents, Haier Smart Home Co. Ltd. posted the largest decline, falling 2.7%, followed by shares of Lenovo Group Ltd., which fell 2.2%. Shares of China Resources Beer (Holdings) Co. Ltd. fell 1.8%.

Geely Automobile Holdings Ltd. was the biggest gainer among companies on the Hang Seng, gaining 4.2%, and Bank of China Ltd. gained 4.2%. JD.com Inc. rounded out the top three movers on Monday, as shares gained 4.0%.

Among large mainland China stocks, Hangzhou SDIC Microelectronics Inc. A posted the largest decline, dropping 15%, followed by shares of Shenzhen Xinyuren Technology Co. Ltd. A, which dropped 13%. Shares of Guangdong Skychem Technology Co. Ltd. A dropped 13%.

Halo Microelectronics Co. Ltd. A was the biggest gainer during the session, surging 20%, and Jiangsu HSC New Energy Materials Co. Ltd. A surged 19%. Longyan Zhuoyue New Energy Co. Ltd. rounded out the top three movers on Monday, as shares surged 14%.

In Taiwan, Zyxel Group Corp. posted the biggest decline among large companies, dropping 8.8%, followed by shares of Lungteh Shipbuilding Co. Ltd., which dropped 8.6%. Shares of Phoenix Silicon International Corp. dropped 8.5%.

RiTdisplay Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Compucase Enterprise Co. Ltd. surged 10% Ritek Corp. rounded out the top three movers, as shares surged 9.8%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.24 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.56.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 18, 2024 02:30 ET (07:30 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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