Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
06 Jan

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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