Greater China Stocks Close Mixed; Hong Kong Leads Gainers

Dow Jones11-18

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 rose 0.8% to 19586.88, and China's Shanghai Composite Index slipped 0.2% to 3323.85. The Taiwan Taiex index slipped 0.9% to 22546.54.

Among Hang Seng constituents, Haier Smart Home Co. Ltd. posted the largest decline, falling 2.7%, followed by shares of Lenovo Group Ltd., which fell 2.2%. Shares of China Resources Beer (Holdings) Co. Ltd. fell 1.8%.

Geely Automobile Holdings Ltd. was the biggest gainer among companies on the Hang Seng, gaining 4.2%, and Bank of China Ltd. gained 4.2%. JD.com Inc. rounded out the top three movers on Monday, as shares gained 4.0%.

Among large mainland China stocks, Hangzhou SDIC Microelectronics Inc. A posted the largest decline, dropping 15%, followed by shares of Shenzhen Xinyuren Technology Co. Ltd. A, which dropped 13%. Shares of Guangdong Skychem Technology Co. Ltd. A dropped 13%.

Halo Microelectronics Co. Ltd. A was the biggest gainer during the session, surging 20%, and Jiangsu HSC New Energy Materials Co. Ltd. A surged 19%. Longyan Zhuoyue New Energy Co. Ltd. rounded out the top three movers on Monday, as shares surged 14%.

In Taiwan, Zyxel Group Corp. posted the biggest decline among large companies, dropping 8.8%, followed by shares of Lungteh Shipbuilding Co. Ltd., which dropped 8.6%. Shares of Phoenix Silicon International Corp. dropped 8.5%.

RiTdisplay Corp. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Compucase Enterprise Co. Ltd. surged 10% Ritek Corp. rounded out the top three movers, as shares surged 9.8%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.24 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.56.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 18, 2024 02:30 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; Hong Kong Leads Gainers

Comments