Greater China Stocks Slip; Taiwan Posts Largest Decline

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China fell on Monday.

Hong Kong's Hang Seng Index slipped 1.0% to 18874.03, and China's Shanghai Composite Index slipped 0.2% to 3160.76. The Taiwan Taiex index fell 2.3% to 22488.33.

Among Hang Seng constituents, Haier Smart Home Co. Ltd. posted the largest decline, dropping 6.3%, followed by shares of BYD Electronic (International) Co. Ltd., which dropped 5.1%. Shares of MTR Corp. Ltd. fell 4.2%.

Semiconductor Manufacturing International Corp. was the biggest gainer among companies on the Hang Seng, surging 5.6%, and CNOOC Ltd. gained 3.2%. China Resources Land Ltd. rounded out the top three movers on Monday, as shares gained 3.0%.

Among large mainland China stocks, Shenzhen Gongjin Electronics Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Xiamen Leading Optics Co. Ltd. A, which dropped 10%. Shares of Wecome Intelligent Manufacturing Co. Ltd. A dropped 10%.

Suzhou Everbright Photonics Co. Ltd. A was the biggest gainer during the session, surging 20%, and MLOptic Corp. A surged 15%. Kunshan Dongwei Technology Co. Ltd. A rounded out the top three movers on Monday, as shares surged 12%.

In Taiwan, ASRock Inc. posted the biggest decline among large companies, dropping 10%, followed by shares of Gold Circuit Electronics Ltd., which dropped 10%. Shares of Sixxon Tech Co. Ltd. dropped 9.9%.

Formosa Petrochemical Corp. was the biggest gainer among large Taiwan companies during the session, surging 6.8%, and Hanpin Electron Co. Ltd. surged 5.8% FIT Holding Co. Ltd. rounded out the top three movers, as shares surged 5.7%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.33 while the New Taiwan dollar weakened 0.1% against the U.S. dollar at NT$33.13.

Data source: Dow Jones Market Data, FactSet

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China fell on Friday.

Hong Kong's Hang Seng Index slipped 0.9% to 19071.62, and China's Shanghai Composite Index fell 1.3% to 3168.52. The Taiwan Taiex index slipped 0.3% to 23011.86.

Among Hang Seng constituents, Haidilao International Holding Ltd. posted the largest decline, falling 4.7%, followed by shares of China Life Insurance Co. Ltd., which fell 4.5%. Shares of Lenovo Group Ltd. fell 4.5%.

Semiconductor Manufacturing International Corp. was the biggest gainer among companies on the Hang Seng, gaining 3.3%, and Zijin Mining Group Co. Ltd. gained 3.0%. Wuxi Biologics (Cayman) Inc. rounded out the top three movers on Friday, as shares gained 2.2%.

Among large mainland China stocks, Fujian Dongbai (Group) Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of Xinjiang Youhao Group Co. Ltd., which dropped 10%. Shares of KraussMaffei Co. Ltd. A dropped 10%.

Guangdong Skychem Technology Co. Ltd. A was the biggest gainer during the session, surging 12%, and Shanghai Bright Power Semiconductor Co. Ltd. A surged 10%. Founder Technology Group Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

In Taiwan, Xavi Technologies Corp. posted the biggest decline among large companies, dropping 10%, followed by shares of FitTech Co. Ltd., which dropped 9.8%. Shares of Vactronics Technologies Inc. dropped 9.5%.

Vivotek Inc. was the biggest gainer among large Taiwan companies during the session, surging 10%, and Adimmune Corp. surged 9.8% Formosa Oilseed Processing Co. Ltd. rounded out the top three movers, as shares surged 8.8%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.33 while the New Taiwan dollar weakened 0.3% against the U.S. dollar at NT$32.97.

Data source: Dow Jones Market Data, FactSet

Hong Kong stocks closed in red again on Thursday as traders' concerns over a possible deflation became apparent following the data showing a slowing inflation together with a continuing decline in producer prices.

The Hang Seng Index fell 0.20%, or 38.95 points, to close at 19,240.89 on Thursday. The Hang Seng China Enterprises Index fell 0.17%, or 11.68 points, to end at 6,978.97.

China's consumer price index rose 0.1% year on year in December 2024, down from the 0.2% rise the previous month and marked the slowest pace since April 2024. The reading was in line with the expectations of economists surveyed by Reuters.

Additionally, the producer price index declined 2.3% year over year in December 2024, easing from the decrease of 2.5% in the previous month. The recent figure was slightly better than the 2.4% decline estimated by Reuters, but marked the 27th straight month of decline.

In market news, Xiaomi and Semiconductor Manufacturing International closed over 3% and nearly 3% higher respectively, while Tencent closed over 1% higher on Thursday. At the same time, Meituan finished nearly 2% lower while Alibaba Group stayed in the red.

In corporate news, Anhui Conch Material Technology 2 made a weak trading debut in Hong Kong Thursday morning as its shares dropped 40% at the opening bell. The China-based cement and concrete admixture producer opened at HK$1.80 per share, well below its IPO price of HK$3.00, and closed at HK$1.57.

Contiocean Environment Tech Group 2 made a strong trading debut in Hong Kong Thursday morning as its shares rose about 7% at the opening bell. The China-based maritime environmental protection equipment and system provider opened at HK$33.95 per share, above its IPO price of HK$31.80, and closed at HK$33.80.

CNOOC said it will follow up on its inclusion in a blacklist by the US Department of Defense over alleged links with the People's Liberation Army, Reuters reported Wednesday.

The Chinese oil company was among those included in the blacklist together with internet giant Tencent , Contemporary Amperex Technology or CATL , Cosco Shipping Holdings .

Tencent has denied links with China's military and said its inclusion in the blacklist, though not legally bearing, is a "mistake."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

CNOOC said it will follow up on its inclusion in a blacklist by the US Department of Defense over alleged links with the People's Liberation Army, Reuters reported Wednesday.

The Chinese oil company was among those included in the blacklist together with internet giant Tencent , Contemporary Amperex Technology or CATL , Cosco Shipping Holdings .

Tencent has denied links with China's military and said its inclusion in the blacklist, though not legally bearing, is a "mistake."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hong Kong stocks fell for the third straight session as authorities tried to overcome the deflated economic situation in the country while facing concerns over a strong US labor market that will likely keep the Federal Reserve from making any more interest rate cuts this year.

The Hang Seng Index fell 0.86%, or 167.74 points, to close at 19,279.84 on Wednesday. The Hang Seng China Enterprises Index fell 0.84%, or 59.06 points, to end at 6,990.65.

Hong Kong's foreign currency reserves declined to $421.4 billion at the end of December 2024 from $425.1 billion as of the end of November, according to a Tuesday press release by the Hong Kong Monetary Authority.

In corporate news, Tencent closed nearly 3% lower on Wednesday, while Xiaomi finished nearly 4% lower. Meituan , Alibaba Group , and Semiconductor Manufacturing International all closed in red on Wednesday.

In corporate news, BrainAurora Medical Technology 6 raised HK$501.3 million in net proceeds from its initial public offering in Hong Kong. The cognitive impairment digital therapeutics software developer opened at HK$3.22 per share, the same as its listing price, and closed at HK$3.33 on Wednesday.