Greater China Stocks Slip; Taiwan Sees Largest Decline

Dow Jones
31 Mar

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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