Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones
23 Sep 2024

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 0.1% to 18234.09, and China's Shanghai Composite Index rose 0.4% to 2748.92. The Taiwan Taiex index rose 0.6% to 22285.53.

Among Hang Seng constituents, China Resources Power Holdings Co. Ltd. was the biggest gainer during the session, gaining 3.6%, and Xiaomi Corp. gained 3.1%. Lenovo Group Ltd. rounded out the top three movers on Monday, as shares gained 2.9%.

Wuxi Biologics (Cayman) Inc. posted the largest decline among companies on the Hang Seng, dropping 5.1%, followed by shares of Zhongsheng Group Holdings Ltd., which fell 4.0%. Shares of WuXi AppTec Co. Ltd. fell 3.5%.

Among large mainland China stocks, Darbond Technology Co. Ltd. A was the biggest gainer during the session, surging 14%, and Jilin Yatai (Group) Co. Ltd. A surged 10%. Guangdong Rongtai Industry Co. Ltd. A rounded out the top three movers on Monday, as shares surged 10%.

Cheng Du Sheng Nuo Biotec Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of InnoCare Pharma Ltd. A, which dropped 12%. Shares of Chengdu Zhimingda Electronics Co. Ltd. A dropped 10%.

In Taiwan, Sports Gear Co. Ltd. was the biggest gainer among large companies during the session, surging 9.9%, and Dynamic Holding Co. Ltd. surged 9.9% G-TECH Optoelectronics Corp. rounded out the top three movers, as shares surged 9.9%.

Hsin Ba Ba Corp. posted the largest decline, dropping 9.9%, followed by shares of Jean Co. Ltd., which dropped 9.7%. Shares of Da-Li Development Co. Ltd. dropped 9.6%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.06 while the New Taiwan dollar weakened 0.4% against the U.S. dollar at NT$32.10.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

September 23, 2024 03:30 ET (07:30 GMT)

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