Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
01-06

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 slipped 0.3% to 19691.76, and China's Shanghai Composite Index slipped 0.1% to 3206.92. The Taiwan Taiex index gained 2.8% to 23547.71.

Among Hang Seng constituents, Orient Overseas (International) Ltd. posted the largest decline, falling 3.7%, followed by shares of China Hongqiao Group Ltd., which fell 3.7%. Shares of China Resources Beer (Holdings) Co. Ltd. fell 3.5%.

Xinyi Solar Holdings Ltd. was the biggest gainer among companies on the Hang Seng, surging 5.0%, and JD Health International Inc. gained 2.8%. Hang Lung Properties Ltd. rounded out the top three movers on Monday, as shares gained 1.3%.

Among large mainland China stocks, Focuslight Technologies Inc. A posted the largest decline, dropping 12%, followed by shares of Guangdong Skychem Technology Co. Ltd. A, which dropped 11%. Shares of Wenfeng Great World Chain Development Corp. dropped 10%.

Suzhou Harmontronics Automation Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and Maanshan Iron & Steel Co. Ltd. A surged 10%. Henan Taloph Pharmaceutical Stock Co. Ltd. rounded out the top three movers on Monday, as shares surged 10%.

In Taiwan, AzureWave Technologies Inc. posted the biggest decline among large companies, dropping 8.6%, followed by shares of Goldsun Building Materials Co. Ltd., which dropped 7.0%. Shares of Young Optics Inc. dropped 6.7%.

Harvatek Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and USI Corp. surged 10% Loop Telecommunication International Inc. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.33 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$32.88.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 06, 2025 02:30 ET (07:30 GMT)

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