Greater China Stocks Close Mixed; Shanghai Leads Gainers

Qingdao Haier Biomedical terminated its plan to absorb and merge with subsidiary Shanghai RAAS Blood Products .

The company cited the complexity of the transaction's structure for the termination, according to a Tuesday filing with the Shanghai bourse.

Shares of the biomedical cold chain storage manufacturer were down 11% in recent trade, while shares of Shanghai RAAS fell almost 6%.

The US Department of Defense has added Tencent Holdings to blacklisted companies, citing its alleged links to the Chinese military.

The updated list, published on Tuesday in the Federal Register, also includes Contemporary Amperex Technology , China Telecom and China United Network Communications Group or China Unicom , , among others.

Tencent has denied having links to the Chinese military. A Tencent spokesperson told Bloomberg: "We are not a military company or supplier."

"Unlike sanctions or export controls, this listing has no impact on our business. We will nonetheless work with the Department of Defense to address any misunderstanding."

Shares of Tencent fell nearly 6% Tuesday morning in Hong Kong.

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index rose 0.1% to 20111.56, and China's Shanghai Composite Index rose 0.1% to 3400.14. The Taiwan Taiex index rose 0.1% to 23275.68.

Among Hang Seng constituents, Lenovo Group Ltd. was the biggest gainer during the session, surging 8.6%, and Li Auto Inc. surged 6.2%. Semiconductor Manufacturing International Corp. rounded out the top three movers on Friday, as shares surged 5.5%.

Zhongsheng Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 4.5%, followed by shares of Nongfu Spring Co. Ltd., which fell 4.0%. Shares of Haidilao International Holding Ltd. fell 3.3%.

Among large mainland China stocks, Fujian Dongbai (Group) Co. Ltd. A was the biggest gainer during the session, surging 10%, and Anyuan Coal Industry Group Co. Ltd. A surged 10%. Qingdao Copton Technology Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

Shenzhen Intellifusion Technologies Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Yunnan Yunwei Co. Ltd. A, which dropped 10%. Shares of Nanjing Chemical Fibre Co. Ltd. A dropped 10%.

In Taiwan, Taimide Technology Inc. was the biggest gainer among large companies during the session, surging 10%, and ALi Corp. surged 10% Global Brands Manufacture Ltd. rounded out the top three movers, as shares surged 9.9%.

Compucase Enterprise Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Hiyes International Co. Ltd., which dropped 10%. Shares of Evergreen Steel Corp. dropped 7.4%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.79.

Data source: Dow Jones Market Data, FactSet

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

Stocks in Greater China gained on Friday.

Hong Kong's Hang Seng Index rose 0.1% to 20111.56, and China's Shanghai Composite Index rose 0.1% to 3400.14. The Taiwan Taiex index rose 0.1% to 23275.68.

Among Hang Seng constituents, Lenovo Group Ltd. was the biggest gainer during the session, surging 8.6%, and Li Auto Inc. surged 6.2%. Semiconductor Manufacturing International Corp. rounded out the top three movers on Friday, as shares surged 5.5%.

Zhongsheng Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 4.5%, followed by shares of Nongfu Spring Co. Ltd., which fell 4.0%. Shares of Haidilao International Holding Ltd. fell 3.3%.

Among large mainland China stocks, Fujian Dongbai (Group) Co. Ltd. A was the biggest gainer during the session, surging 10%, and Anyuan Coal Industry Group Co. Ltd. A surged 10%. Qingdao Copton Technology Co. Ltd. A rounded out the top three movers on Friday, as shares surged 10%.

Shenzhen Intellifusion Technologies Co. Ltd. A posted the largest decline, dropping 12%, followed by shares of Yunnan Yunwei Co. Ltd. A, which dropped 10%. Shares of Nanjing Chemical Fibre Co. Ltd. A dropped 10%.

In Taiwan, Taimide Technology Inc. was the biggest gainer among large companies during the session, surging 10%, and ALi Corp. surged 10% Global Brands Manufacture Ltd. rounded out the top three movers, as shares surged 9.9%.

Compucase Enterprise Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Hiyes International Co. Ltd., which dropped 10%. Shares of Evergreen Steel Corp. dropped 7.4%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar held steady against the U.S. dollar at NT$32.79.

Data source: Dow Jones Market Data, FactSet

Artificial intelligence and chip production localization will likely be two drivers of China's semiconductor industry in 2025, Minsheng Securities analyst Fang Jing says in a research note. As U.S. chip restrictions get tighter and Chinese leading AI chip makers Huawei and Cambricon Technologies continue to catch up technologies, the localization of AI chips could become a major trend, the analyst says. With external uncertainties expected to grow after Trump's U.S. election win, the development of homegrown chip equipment becomes more critical, he says. Minsheng reckons that Cambricon Technologies, Hygon Information Technology and Semiconductor Manufacturing International Corp. are among the chip stocks worth watching.(sherry.qin@wsj.com)

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

Stocks in Greater China gained on Thursday.

Hong Kong's stock exchange was closed, while China's Shanghai Composite Index rose 0.1% to 3398.08. The Taiwan Taiex index rose 0.1% to 23246.94.

Among large mainland China stocks, Zbit Semiconductor Inc. A was the biggest gainer during the session, surging 20%, and VeriSilicon Microelectronics Shanghai Co. Ltd. A surged 16%. Suzhou Recodeal Interconnect System Co. Ltd. A rounded out the top three movers on Thursday, as shares surged 15%.

Yunnan Yunwei Co. Ltd. A posted the largest decline, dropping 10%, followed by shares of KraussMaffei Co. Ltd. A, which dropped 10%. Shares of Qingdao Topscomm Communication Inc. dropped 10%.

In Taiwan, SYNergy ScienTech Corp. was the biggest gainer among large companies during the session, surging 10%, and HTC Corp. surged 10% Genius Electronic Optical Co. Ltd. rounded out the top three movers, as shares surged 10%.

Johnson Health Tech Co. Ltd. posted the largest decline, dropping 7.4%, followed by shares of Ability Enterprise Co. Ltd., which dropped 7.0%. Shares of Taiwan Chelic Corp. Ltd. dropped 6.7%.

On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.30 while the New Taiwan dollar weakened 0.2% against the U.S. dollar at NT$32.74.

Data source: Dow Jones Market Data, FactSet