Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones12-16

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 1.0% to 19769.69, and China's Shanghai Composite Index slipped 0.2% to 3386.33. The Taiwan Taiex index rose 0.1% to 23039.90.

Among Hang Seng constituents, Longfor Group Holdings Ltd. posted the largest decline, dropping 5.2%, followed by shares of BYD Electronic (International) Co. Ltd., which fell 3.8%. Shares of China Mengniu Dairy Co. Ltd. fell 3.8%.

China Unicom (Hong Kong) Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.8%, and China Resources Power Holdings Co. Ltd. gained 2.3%. PetroChina Co. Ltd. rounded out the top three movers on Monday, as shares gained 1.8%.

Among large mainland China stocks, Jilin Joinature Polymer Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Zhejiang Red Dragonfly Footwear Co. Ltd., which dropped 10%. Shares of Shandong Fiberglass Group Co. Ltd. A dropped 10%.

Suzhou Recodeal Interconnect System Co. Ltd. A was the biggest gainer during the session, surging 19%, and Hillstone Networks Co. Ltd. A surged 14%. Shanghai Rightongene Biotechnology Co. Ltd. A rounded out the top three movers on Monday, as shares surged 13%.

In Taiwan, Fositek Corp. posted the biggest decline among large companies, dropping 10%, followed by shares of I-Chiun Precision Industry Co. Ltd., which dropped 10%. Shares of Elite Advanced Laser Corp. dropped 9.9%.

Shane Global Holding Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and ALi Corp. surged 9.9% Sunspring Metal Corp. 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 CNY7.28 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.46.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 16, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed; Taiwan Leads Gainers

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