Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones10-21

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

Stocks in Greater China were mixed on Monday.

Hong Kong's Hang Seng Index fell 1.5% to 20492.52, and China's Shanghai Composite Index rose 0.2% to 3268.11. The Taiwan Taiex index rose 0.2% to 23542.53.

Among Hang Seng constituents, Xinyi Solar Holdings Ltd. was the biggest gainer during the session, gaining 4.1%, and China Overseas Land & Investment Ltd. gained 2.8%. China Hongqiao Group Ltd. rounded out the top three movers on Monday, as shares gained 1.3%.

Netease Inc. posted the largest decline among companies on the Hang Seng, falling 4.4%, followed by shares of Sands China Ltd., which fell 3.9%. Shares of Trip.com Group Ltd. fell 3.9%.

Among large mainland China stocks, Grandit Co. Ltd. A was the biggest gainer during the session, surging 20%, and Chengdu M&S Electronics Technology Co. Ltd. A surged 20%. Hangzhou SDIC Microelectronics Inc. A rounded out the top three movers on Monday, as shares surged 20%.

Everbright Jiabao Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Zhejiang Huada New Materials Co. Ltd. A, which dropped 9.0%. Shares of Cinda Real Estate Co. Ltd. dropped 8.9%.

In Taiwan, Favite Inc. was the biggest gainer among large companies during the session, surging 10%, and Kinsus Interconnect Technology Corp. surged 10% Asmedia Technology Inc. rounded out the top three movers, as shares surged 10%.

Iron Force Industrial Co. Ltd. posted the largest decline, falling 4.9%, followed by shares of JSL Construction & Development Co. Ltd., which fell 4.4%. Shares of Patec Precision Industry Co. Ltd. fell 4.3%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.11 while the New Taiwan dollar strengthened 0.3% against the U.S. dollar at NT$31.97.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 21, 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 Close Mixed; Taiwan Leads Gainers

Comments