Greater China Stocks Slip; Taiwan Posts Largest Decline

ZheJiang AoKang Shoes terminated its plan to purchase a controlling stake in memory chip producer Lianhe Storage Technology (Jiangsu), according to a Wednesday filing with the Shanghai Stock Exchange.

Negotiations between the two companies did not materialize, leading to the termination of the purchase, Aokang said in its filing.

Lianhe Storage Technology has research and development facilities in Shanghai and Shenzhen, China, and in Seoul, according to a separate Yicai Global report.

Shares in Aokang plunged 10% in Shanghai during Thursday's morning trading.

ZheJiang AoKang Shoes terminated its plan to purchase a controlling stake in memory chip producer Lianhe Storage Technology (Jiangsu), according to a Wednesday filing with the Shanghai Stock Exchange.

Negotiations between the two companies did not materialize, leading to the termination of the purchase, Aokang said in its filing.

Lianhe Storage Technology has research and development facilities in Shanghai and Shenzhen, China, and in Seoul, according to a separate Yicai Global report.

Shares in Aokang plunged 10% in Shanghai during Thursday's morning trading.

Baotailong New Materials' unit, Qitaihe Baotailong Mining, resumed the operation of the Baozhong Coal Mine, according to a Shanghai Stock Exchange disclosure on Tuesday.

The local government of Qitaihe District, Qitaihe City, Heilongjiang Province, China approved the resumption of the mine's operations following an inspection and review.

The mine was designed to produce 300,000 tons of coal every year, the Chinese coal producer said.

The company's shares closed less than 3% lower.

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

Stocks in Greater China were mixed on Wednesday.

Hong Kong's Hang Seng Index slipped 1.0% to 19261.50, and China's Shanghai Composite Index was flat at 3230.17. The Taiwan Taiex index fell 1.0% to 23407.33.

Among Hang Seng constituents, Sunny Optical Technology Group Co. Ltd. posted the largest decline, dropping 7.4%, followed by shares of Xiaomi Corp., which fell 5.0%. Shares of Zhongsheng Group Holdings Ltd. fell 4.7%.

WH Group Ltd. was the biggest gainer among companies on the Hang Seng, gaining 2.6%, and Netease Inc. gained 2.1%. Haier Smart Home Co. Ltd. rounded out the top three movers on Wednesday, as shares gained 2.1%.

Among large mainland China stocks, Zhejiang Aokang Shoes Co. Ltd. posted the largest decline, dropping 10%, followed by shares of Suzhou Secote Precision Electronic Co. Ltd. A, which dropped 10%. Shares of Shanghai Yongmaotai Automotive Technology Co. Ltd. A dropped 10%.

Darbond Technology Co. Ltd. A was the biggest gainer during the session, surging 20%, and EFORT Intelligent Equipment Co. Ltd. surged 15%. Giantec Semiconductor Corp. A rounded out the top three movers on Wednesday, as shares surged 14%.

In Taiwan, EverFocus Electronics Corp. posted the biggest decline among large companies, dropping 6.5%, followed by shares of Loop Telecommunication International Inc., which dropped 6.4%. Shares of TBI Motion Technology Co. Ltd. dropped 6.2%.

Gordon Auto Body Parts Co. Ltd. was the biggest gainer among large Taiwan companies during the session, surging 9.9%, and Ventec International Group Co. Ltd. surged 9.9% GEM Services Inc. 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 CNY7.33 while the New Taiwan dollar weakened 0.4% against the U.S. dollar at NT$32.89.

Data source: Dow Jones Market Data, FactSet

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

Stocks in Greater China were mixed on Tuesday.

Hong Kong's Hang Seng Index fell 1.5% to 19383.53, and China's Shanghai Composite Index rose 0.7% to 3229.64. The Taiwan Taiex index rose 0.4% to 23651.27.

Among Hang Seng constituents, Semiconductor Manufacturing International Corp. was the biggest gainer during the session, gaining 4.7%, and Xinyi Solar Holdings Ltd. gained 3.8%. Li Ning Co. Ltd. rounded out the top three movers on Tuesday, as shares gained 2.9%.

Tencent Holdings Ltd. posted the largest decline among companies on the Hang Seng, dropping 7.5%, followed by shares of Xiaomi Corp., which dropped 7.2%. Shares of Wuxi Biologics (Cayman) Inc. fell 3.1%.

Among large mainland China stocks, Henan ShiJia Photons Technology Co. Ltd. A was the biggest gainer during the session, surging 17%, and Joulwatt Technology Co. Ltd. A surged 16%. Suzhou Recodeal Interconnect System Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 15%.

Qingdao Haier Biomedical Co. Ltd. A posted the largest decline, dropping 11%, followed by shares of Shanghai Jiaoda Onlly Co. Ltd. A, which dropped 10%. Shares of Shanghai Yimin Commercial Group Co. Ltd. dropped 10%.

In Taiwan, Ventec International Group Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and General Interface Solution (GIS) Holding Ltd. surged 10% EverFocus Electronics Corp. rounded out the top three movers, as shares surged 9.9%.

Loop Telecommunication International Inc. posted the largest decline, dropping 10%, followed by shares of Cub Elecparts Inc., which dropped 8.4%. Shares of TBI Motion Technology Co. Ltd. dropped 6.7%.

On the currency front, the onshore yuan weakened 0.1% against the U.S. dollar to CNY7.33 while the New Taiwan dollar strengthened 0.2% against the U.S. dollar at NT$32.72.

Data source: Dow Jones Market Data, FactSet

Baotailong New Materials secured approval for the resumption of operations at its Wukuang mine in China's Heilongjiang province.

Wukuang has a designed production capacity of 300,000 tons per year and will function as a formal production mine after operations resume, according to a Monday filing with the Shanghai bourse.

The resumption is expected to raise the company's raw coal self-supply capacity and boost future profitability.