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Chinese stocks lower, rest of Asia mixed


Asian stocks closed mixed on Thursday, with losses in the Chinese markets deepening by the day's finish.

In Japan, the Nikkei 225 fell back 27.38 points, or 0.1%, to 22,586.87. Against the yen, the U.S. dollar further weakened to trade at 110.69.

In Hong Kong, the Hang Seng let go of 139.76 points, or 0.5%, to 28,781.14, with the tech and financials sectors leading declines.

Korean stocks improved, with the manufacturing, tech and oil sectors primarily contributing to the advance.

In corporate news, South Korean chipmaker SK Hynix posted a record second-quarter profit on the back of strong server DRAM chips.

Operating profit for the April through June quarter grew 83% to 5.6 trillion won ($5 billion U.S.) from 3.1 trillion won a year earlier. The company's shares were up 2.7%.

CHINA

In Shanghai, the CSI 300 slipped 41.5 points, or 1.2%, to 3,536.25.

Elsewhere, Chinese online group discount company Pinduoduo priced its U.S. initial public offering at $19 per American depositary share, raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to media reports.

In other markets

In Singapore, the Straits Times Index inched up 1.77 points, or 0.1%, to 3,328.60

In Taiwan, the Taiex index regained 44.82 points, or 0.4%, to 11,010.61

In Korea, the Kospi index progressed 16.03 points, or 0.7%, to 2,289.06

In New Zealand, the NZX 50 dropped 1.4 points to 8,932.48

In Australia, the ASX 200 shed 3.15 points, or 0.1%, to 6,244.50