Greater China Stocks Close Mixed; Shanghai Leads Gainers

Dow Jones11-11

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 1.8% to 20364.21, and China's Shanghai Composite Index rose 0.5% to 3470.07. The Taiwan Taiex index slipped 0.1% to 23529.64.

Among Hang Seng constituents, China Overseas Land & Investment Ltd. posted the largest decline, falling 4.9%, followed by shares of China Resources Beer (Holdings) Co. Ltd., which fell 4.8%. Shares of Longfor Group Holdings Ltd. fell 4.7%.

Zhongsheng Group Holdings Ltd. was the biggest gainer among companies on the Hang Seng, surging 21%, and Sunny Optical Technology Group Co. Ltd. gained 4.4%. Xiaomi Corp. rounded out the top three movers on Monday, as shares gained 3.7%.

Among large mainland China stocks, Shanghai Electric Wind Power Group Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of Suzhou Jin Hong Shun Auto Parts Co. Ltd. A, which dropped 10%. Shares of Shanghai Electric Group Co. Ltd. A dropped 10%.

Nexchip Semiconductor Corp. A was the biggest gainer during the session, surging 20%, and Changzhou Shichuang Energy Co. Ltd. A surged 20%. Jiangsu Leadmicro Nano Technology Co. Ltd. A rounded out the top three movers on Monday, as shares surged 20%.

In Taiwan, Parpro Corp. posted the biggest decline among large companies, dropping 10%, followed by shares of Johnson Health Tech Co. Ltd., which dropped 10%. Shares of Draytek Corp. dropped 9.9%.

MiTAC Holdings Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Bizlink Holding Inc. surged 10% Advanced Energy Solution Holding Co. Ltd. rounded out the top three movers, as shares surged 9.9%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.18 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.33.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 11, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed; Shanghai Leads Gainers

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