Greater China Stocks Slip; Taiwan Posts Largest Decline

Dow Jones
01-13

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

Stocks in Greater China fell on Monday.

Hong Kong's Hang Seng Index slipped 1.0% to 18874.03, and China's Shanghai Composite Index slipped 0.2% to 3160.76. The Taiwan Taiex index fell 2.3% to 22488.33.

Among Hang Seng constituents, Haier Smart Home Co. Ltd. posted the largest decline, dropping 6.3%, followed by shares of BYD Electronic (International) Co. Ltd., which dropped 5.1%. Shares of MTR Corp. Ltd. fell 4.2%.

Semiconductor Manufacturing International Corp. was the biggest gainer among companies on the Hang Seng, surging 5.6%, and CNOOC Ltd. gained 3.2%. China Resources Land Ltd. rounded out the top three movers on Monday, as shares gained 3.0%.

Among large mainland China stocks, Shenzhen Gongjin Electronics Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Xiamen Leading Optics Co. Ltd. A, which dropped 10%. Shares of Wecome Intelligent Manufacturing Co. Ltd. A dropped 10%.

Suzhou Everbright Photonics Co. Ltd. A was the biggest gainer during the session, surging 20%, and MLOptic Corp. A surged 15%. Kunshan Dongwei Technology Co. Ltd. A rounded out the top three movers on Monday, as shares surged 12%.

In Taiwan, ASRock Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Gold Circuit Electronics Ltd., which dropped 10%. Shares of Sixxon Tech Co. Ltd. dropped 9.9%.

Formosa Petrochemical Corp. was the biggest gainer among large Taiwan companies during the session, surging 6.8%, and Hanpin Electron Co. Ltd. surged 5.8% FIT Holding Co. Ltd. rounded out the top three movers, as shares surged 5.7%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.33 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$33.13.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 13, 2025 02:30 ET (07:30 GMT)

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