Greater China Stocks Fall Monday; Taiwan Posts Largest Decline

Dow Jones08-05

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 2.1% to 16582.77, and China's Shanghai Composite Index fell 1.5% to 2860.70. The Taiwan Taiex index dropped 8.4% to 19830.88.

Among Hang Seng constituents, CNOOC Ltd. posted the largest decline, dropping 7.1%, followed by shares of HSBC Holdings PLC (HK Reg), which dropped 6.7%. Shares of BYD Electronic (International) Co. Ltd. dropped 6.3%.

Wharf Real Estate Investment Co. Ltd. was the biggest gainer among companies on the Hang Seng, surging 5.4%, and New World Development Co. Ltd. gained 4.5%. Budweiser Brewing Co. APAC Ltd. rounded out the top three movers on Monday, as shares gained 3.1%.

Among large mainland China stocks, Yuanjie Semiconductor Technology Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of Guangzhou Fangbang Electronics Co. Ltd. A, which dropped 11%. Shares of Nanjing LES Information Technology Co. Ltd. A dropped 11%.

Xinjiang Youhao Group Co. Ltd. was the biggest gainer during the session, surging 10%, and Shenzhen Sunxing Light Alloys Materials Co. Ltd. A surged 10%. Xinjiang Baihuacun Pharma Tech Co. Ltd. A rounded out the top three movers on Monday, as shares surged 10%.

In Taiwan, AMPACS Corp. posted the biggest decline among large companies, dropping 10%, followed by shares of Jung Shing Wire Co. Ltd., which dropped 10%. Shares of VIA Labs Inc. dropped 10%.

Test Rite International Co. Ltd. was the biggest gainer among large Taiwan companies during the session, rising 1.0%, and Jentech Precision Industrial Co. Ltd. rose 1.0% Cathay No. 2 REIT rounded out the top three movers, as shares rose 0.6%.

On the currency front, the onshore yuan strengthened 0.3% against the U.S. dollar to CNY7.14 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.66.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 05, 2024 03:30 ET (07:30 GMT)

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Greater China Stocks Fall Monday; Taiwan Posts Largest Decline

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