SHE:002491

4 stories mentioning SHE:002491Updated 11d ago

Every FINWIRES story that references SHE:002491, newest first.

China Shares Down on Tech Selloff, Middle East Tensions; Tongding Interconnection Information Shares Fall 7%

Chinese shares were down on Friday amid a technology stock selloff and rising hostilities in the Middle East.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.7% to 4,027.74. The Shenzhen Component Index fell 2.2% to 15,314.70.Profit-taking in technology stocks prompted a defensive shift among investors ahead of the weekend, Reuters reported. Also, a selloff driven by AI concerns after Broadcom's lackluster earnings report on Wednesday continued for a second straight day.Meanwhile, Hezbollah rejected a U.S.-brokered ceasefire deal between Israel and Lebanon.In company news, Tongding Interconnection Information (SHE:002491) completed the registration for two new companies in Shaoguan's Qujiang District in Guangdong, China. Shares of the industrial automation equipment manufacturer closed 7% lower Friday.

Shanghai Composite^SZSESHE:002491

Asia11d ago

Tongding Interconnection Information Completes Registration of Two Units; Shares Down 5%

Tongding Interconnection Information (SHE:002491) completed the registration for two new companies in Shaoguan's Qujiang District in Guangdong, China.Tongding Optical Shaoguan, with 800 million yuan in registered capital, and Tongding Information Communication Shaoguan, with 100 million yuan in capital, will produce 600 tons of fiber preform and 20 million core-kilometers of optical fiber annually, according to a Friday filing with the Shenzhen bourse.Shares of the industrial automation equipment manufacturer closed 5% in recent trade.

SHE:002491

Asia21d ago

Chinese Shares Mixed Over Cross-Boarder Trading Crackdown

Chinese equities were mixed, almost flat, as sentiment over the crackdown on illegal cross-border securities trading waned.The Shanghai Composite Index slipped 0.2, or 7.2 points, to finish Tuesday's trade at 4,145.37. The Shenzhen Component Index marginally rose to 15,876.16.Beijing tightened its crackdown on illicit cross border investing, imposing fines on three securities brokers --- Tiger Brokers, Futu Securities and Changqiao Securities --- that operated without proper approvals.In corporate news, Xingyun Technology (SHE:300209) slumped 11.8% amid unit's plan to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan.Tongding Interconnection Information (SHE:002491) dropped 7.8% after naming Bai Xiaoming vice chairman.OKE Precision Cutting Tools (SHA:688308) jumped 5.9% despite GEM (SHE:002340) announcing it will dispose of its 5.5% holdings in the CNC cutting tool maker.

Shanghai Composite^SZSESHA:688308SHE:002340SHE:002491SHE:300209

Asia21d ago

Tongding Interconnection Information Names Vice Chairman; Shares Down 8%

Tongding Interconnection Information (SHE:002491) appointed Bai Xiaoming vice chairman, according to a Shenzhen bourse filing on Tuesday.Bai formerly served as general manager for the company.Shen Xiaoping will succeed Bai as general manager.The Chinese fiber optic cable manufacturer's shares dropped over 8% during the midday trade.

SHE:002491

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