Greater China Stocks Close Mixed Monday; Hong Kong Stocks Rise

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 was flat at 20217.26, and China's Shanghai Stock Exchange was closed. The Taiwan Taiex index fell 3.5% to 22694.71.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, surging 10%, and Alibaba Group Holding Ltd. surged 6.5%. Lenovo Group Ltd. rounded out the top three movers on Monday, as shares surged 5.9%.

Sands China Ltd. posted the largest decline among companies on the Hang Seng, dropping 7.0%, followed by shares of JD Health International Inc., which dropped 6.7%. Shares of Galaxy Entertainment Group Ltd. dropped 5.9%.

In Taiwan, Cosmo Electronics Corp. was the biggest gainer among large companies during the session, surging 10%, and Metaage Corp. surged 10% Adimmune Corp. rounded out the top three movers, as shares surged 9.9%.

Fositek Corp. posted the largest decline, dropping 10%, followed by shares of Voltronic Power Technology Corp., which dropped 10%. Shares of HTC Corp. dropped 10%.

On the currency front, the onshore yuan weakened 0.2% against the U.S. dollar to CNY7.20 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$33.02.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

February 03, 2025 03:30 ET (08:30 GMT)

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