Greater China Stocks Slip Monday; Hong Kong Posts Largest Decline

Dow Jones09-02

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 1.8% to 17665.91, and China's Shanghai Composite Index fell 1.1% to 2811.04. The Taiwan Taiex index slipped 0.1% to 22235.10.

Among Hang Seng constituents, New World Development Co. Ltd. posted the largest decline, dropping 14%, followed by shares of China Resources Mixc Lifestyle Services Ltd., which dropped 6.9%. Shares of Wharf Real Estate Investment Co. Ltd. dropped 5.3%.

Zhongsheng Group Holdings Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.7%, and Xinyi Solar Holdings Ltd. gained 2.3%. China Resources Power Holdings Co. Ltd. rounded out the top three movers on Monday, as shares rose 0.9%.

Among large mainland China stocks, Nextool Technology Co. Ltd. A posted the largest decline, dropping 16%, followed by shares of Vanchip (Tianjin) Technology Co. Ltd. A, which dropped 12%. Shares of Beijing Chunlizhengda Medical Instruments Co. Ltd. A dropped 10%.

Wuxi Hongsheng Heat Exchanger Manufacturing Co. Ltd. A was the biggest gainer during the session, surging 10%, and Zhejiang Langdi Group Co. Ltd. surged 10%. SEC Electric Machinery Co. Ltd. rounded out the top three movers on Monday, as shares surged 10%.

In Taiwan, Silergy Corp. posted the biggest decline among large companies, dropping 7.8%, followed by shares of Jess-Link Products Co. Ltd., which dropped 7.4%. Shares of Scientech Corp. dropped 6.8%.

Lai Yih Footwear Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Global Lighting Technologies Inc. surged 10% Amulaire Thermal Technology Inc. rounded out the top three movers, as shares surged 10%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.11 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$32.04.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 02, 2024 03:30 ET (07:30 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Greater China Stocks Slip Monday; Hong Kong Posts Largest Decline

Comments