Greater China Stocks Slip; Taiwan Sees Largest Decline

Dow Jones
24 Feb

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 0.6% to 23341.61, and China's Shanghai Composite Index slipped 0.2% to 3373.03. The Taiwan Taiex index slipped 0.7% to 23565.31.

Among Hang Seng constituents, WuXi AppTec Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Wuxi Biologics (Cayman) Inc., which dropped 9.0%. Shares of Kuaishou Technology dropped 5.6%.

China Resources Mixc Lifestyle Services Ltd. was the biggest gainer among companies on the Hang Seng, surging 7.8%, and Longfor Group Holdings Ltd. surged 5.9%. Sands China Ltd. rounded out the top three movers on Monday, as shares surged 5.2%.

Among large mainland China stocks, Beijing QingCloud Technology Group Co. Ltd. A posted the largest decline, dropping 15%, followed by shares of Shengyi Electronics Co. Ltd. A, which dropped 13%. Shares of UCloud Technology Co. Ltd. A dropped 13%.

Hangzhou Huaguang Advanced Welding Materials Co. Ltd. A was the biggest gainer during the session, surging 20%, and EFORT Intelligent Equipment Co. Ltd. surged 20%. Guangdong Jia Yuan Technology Shares Co. Ltd. A rounded out the top three movers on Monday, as shares surged 15%.

In Taiwan, Advanced Energy Solution Holding Co. Ltd. posted the biggest decline among large companies, dropping 10%, followed by shares of ENNOSTAR Inc., which dropped 8.9%. Shares of Hanpin Electron Co. Ltd. dropped 6.3%.

Wisdom Marine Lines Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 9.9%, and U-Ming Marine Transport Corp. surged 9.9% Shih Wei Navigation Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan strengthened 0.1% against the U.S. dollar to CNY7.25 while the New Taiwan dollar strengthened 0.3% against the U.S. dollar at NT$32.70.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

February 24, 2025 03:30 ET (08:30 GMT)

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