Greater China Stocks Rise Monday; Taiwan Posts Largest Increase

Dow Jones09-16

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China gained on Monday.

Hong Kong's Hang Seng Index rose 0.1% to 17391.59, and China's Shanghai Stock Exchange was closed. The Taiwan Taiex index rose 0.4% to 21850.08.

Among Hang Seng constituents, New World Development Co. Ltd. was the biggest gainer during the session, gaining 4.5%, and Techtronic Industries Co. Ltd. gained 3.3%. Meituan rounded out the top three movers on Monday, as shares gained 2.8%.

Nongfu Spring Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 2.8%, followed by shares of China Resources Land Ltd., which fell 2.6%. Shares of Xinyi Solar Holdings Ltd. fell 2.5%.

In Taiwan, Meiloon Industrial Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Daxin Materials Corp. surged 10% Chicony Power Technology Co. Ltd. rounded out the top three movers, as shares surged 10%.

Realtek Semiconductor Corp. posted the largest decline, dropping 7.5%, followed by shares of Kaori Heat Treatment Co. Ltd., which dropped 5.0%. Shares of Tainan Enterprises Co. Ltd. fell 4.1%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.09 while the New Taiwan dollar strengthened 0.3% against the U.S. dollar at NT$31.84.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 16, 2024 03:30 ET (07:30 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The Taiwan Taiex index rose 0.4% to 21850.08. \n\n\n  Among Hang Seng constituents, New World Development Co. Ltd. was the biggest gainer during the session, gaining 4.5%, and Techtronic Industries Co. Ltd. gained 3.3%. Meituan rounded out the top three movers on Monday, as shares gained 2.8%. \n\n\n  Nongfu Spring Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 2.8%, followed by shares of China Resources Land Ltd., which fell 2.6%. Shares of Xinyi Solar Holdings Ltd. fell 2.5%. \n\n\n  In Taiwan, Meiloon Industrial Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Daxin Materials Corp. surged 10% Chicony Power Technology Co. Ltd. rounded out the top three movers, as shares surged 10%. \n\n\nRealtek Semiconductor Corp. posted the largest decline, dropping 7.5%, followed by shares of Kaori Heat Treatment Co. Ltd., which dropped 5.0%. Shares of Tainan Enterprises Co. 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