Greater China Stocks Rise; Taiwan Sees Largest Increase

Dow Jones12-02

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 0.7% to 19566.94, and China's Shanghai Composite Index gained 1.1% to 3363.98. The Taiwan Taiex index gained 2.1% to 22736.93.

Among Hang Seng constituents, BYD Electronic (International) Co. Ltd. was the biggest gainer during the session, surging 11%, and Nongfu Spring Co. Ltd. surged 8.0%. Zhongsheng Group Holdings Ltd. rounded out the top three movers on Monday, as shares surged 5.4%.

Li Auto Inc. posted the largest decline among companies on the Hang Seng, falling 3.0%, followed by shares of Hansoh Pharmaceutical Group Co. Ltd., which fell 1.7%. Shares of Meituan fell 1.1%.

Among large mainland China stocks, Shanghai Electric Wind Power Group Co. Ltd. A was the biggest gainer during the session, surging 20%, and Frontier Biopharmaceuticals (Nanjing) Co. Ltd. A surged 20%. Beijing Jingpin Tezhuang Technology Co. Ltd. A rounded out the top three movers on Monday, as shares surged 20%.

Raisecom Technology Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Guangdong Songfa Ceramics Co. Ltd., which dropped 10%. Shares of Solareast Holdings Co. Ltd. A dropped 9.6%.

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

Lung Hwa Electronics Co. Ltd. posted the largest decline, dropping 6.5%, followed by shares of Ace Pillar Co. Ltd., which dropped 5.2%. Shares of Infortrend Technology Inc. dropped 5.0%.

On the currency front, the onshore yuan weakened 0.4% against the U.S. dollar to CNY7.27 while the New Taiwan dollar weakened 0.5% against the U.S. dollar at NT$32.62.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

December 02, 2024 02:30 ET (07:30 GMT)

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