Greater China Stocks Gain Monday; Taiwan Sees Largest Increase

Dow Jones10-07

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 gained 1.1% to 22983.58, and China's Shanghai Stock Exchange was closed. The Taiwan Taiex index gained 1.8% to 22702.56.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, surging 19%, and CITIC Ltd. surged 12%. China Life Insurance Co. Ltd. rounded out the top three movers on Monday, as shares surged 11%.

Longfor Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 3.9%, followed by shares of AIA Group Ltd., which fell 3.8%. Shares of Netease Inc. fell 3.1%.

In Taiwan, G-TECH Optoelectronics Corp. was the biggest gainer among large companies during the session, surging 10%, and Ezconn Corp. surged 10% Lung Hwa Electronics Co. Ltd. rounded out the top three movers, as shares surged 10%.

Kaori Heat Treatment Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Sixxon Tech Co. Ltd., which dropped 7.8%. Shares of RiTdisplay Corp. dropped 6.4%.

On the currency front, the onshore yuan strengthened 0.4% against the U.S. dollar to CNY7.02 while the New Taiwan dollar strengthened 0.3% against the U.S. dollar at NT$32.20.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 07, 2024 03:30 ET (07:30 GMT)

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

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The Taiwan Taiex index gained 1.8% to 22702.56. \n\n\n  Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, surging 19%, and CITIC Ltd. surged 12%. China Life Insurance Co. Ltd. rounded out the top three movers on Monday, as shares surged 11%. \n\n\n  Longfor Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 3.9%, followed by shares of AIA Group Ltd., which fell 3.8%. Shares of Netease Inc. fell 3.1%. \n\n\n  In Taiwan, G-TECH Optoelectronics Corp. was the biggest gainer among large companies during the session, surging 10%, and Ezconn Corp. surged 10% Lung Hwa Electronics Co. Ltd. rounded out the top three movers, as shares surged 10%. \n\n\n  Kaori Heat Treatment Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Sixxon Tech Co. Ltd., which dropped 7.8%. 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