Greater China Stocks Close Mixed; Taiwan Leads Gainers

Dow Jones2024-12-23

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 19887.29, and China's Shanghai Composite Index slipped 0.5% to 3351.26. The Taiwan Taiex index gained 2.6% to 23104.54.

Among Hang Seng constituents, Orient Overseas (International) Ltd. was the biggest gainer during the session, surging 5.7%, and JD Health International Inc. gained 4.3%. Baidu Inc. rounded out the top three movers on Monday, as shares gained 3.7%.

Sunny Optical Technology Group Co. Ltd. posted the largest decline among companies on the Hang Seng, falling 4.0%, followed by shares of Meituan, which fell 2.0%. Shares of China Hongqiao Group Ltd. fell 1.6%.

Among large mainland China stocks, Hangzhou SDIC Microelectronics Inc. A was the biggest gainer during the session, surging 20%, and Qingdao Victall Railway Co. Ltd. A surged 10%. Qingdao Topscomm Communication Inc. rounded out the top three movers on Monday, as shares surged 10%.

Youcare Pharmaceutical Group Co. Ltd. A posted the largest decline, dropping 14%, followed by shares of SINOTECH Co. Ltd. A, which dropped 13%. Shares of Shanghai Rightongene Biotechnology Co. Ltd. A dropped 11%.

In Taiwan, Chieftek Precision Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Chant Sincere Co. Ltd. surged 10% Cosmo Electronics Corp. rounded out the top three movers, as shares surged 9.9%.

Formosa Oilseed Processing Co. Ltd. posted the largest decline, dropping 9.9%, followed by shares of Bonny Worldwide Ltd., which fell 4.5%. Shares of RichWave Technology Corp. fell 3.8%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar weakened 0.3% against the U.S. dollar at NT$32.70.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

December 23, 2024 02:30 ET (07:30 GMT)

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Greater China Stocks Close Mixed; Taiwan Leads Gainers

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