Greater China Stocks Slip; Taiwan Sees Largest Decline

Dow Jones
03-31

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 fell 1.3% to 23119.58, and China's Shanghai Composite Index slipped 0.5% to 3335.75. The Taiwan Taiex index fell 4.2% to 20695.90.

Among Hang Seng constituents, Li Ning Co. Ltd. posted the largest decline, dropping 7.2%, followed by shares of Longfor Group Holdings Ltd., which dropped 5.1%. Shares of Sands China Ltd. fell 4.5%.

Hansoh Pharmaceutical Group Co. Ltd. was the biggest gainer among companies on the Hang Seng, gaining 3.8%, and China Construction Bank Corp. gained 2.7%. Bank of China Ltd. rounded out the top three movers on Monday, as shares gained 2.2%.

Among large mainland China stocks, Zhejiang Orient Gene Biotech Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of OBiO Technology (Shanghai) Corp. Ltd. A, which dropped 10%. Shares of Bohai Automotive Systems Co. Ltd. A dropped 10%.

Cheng Du Sheng Nuo Biotec Co. Ltd. A was the biggest gainer during the session, surging 20%, and Ningbo Solartron Technology Co. Ltd. A surged 15%. Jiangsu Jingyuan Environmental Protection Co. Ltd. A rounded out the top three movers on Monday, as shares surged 14%.

In Taiwan, Adlink Technology Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Drewloong Precision Inc., which dropped 10%. Shares of I-Chiun Precision Industry Co. Ltd. dropped 10%.

Hai Kwang Enterprise Corp. was the biggest gainer among large Taiwan companies during the session, surging 5.6%, and Wei Chih Steel Industrial Co. Ltd. surged 5.6% Tingyi (Cayman Islands) Holding Corp. TDR rounded out the top three movers, as shares gained 2.0%.

On the currency front, the onshore yuan strengthened 0.2% against the U.S. dollar to CNY7.25 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$33.23.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 31, 2025 04:30 ET (08:30 GMT)

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