China's Westone hits near 2-year high on report of talks to manage Didi's data

** Shares of Shenzhen-listed Westone Information Industry Inc surge 10% to 31.52 yuan ($4.87), their highest since September 2019

** Stock of the information security products maker on track for its best day since July 21, and up for a second straight session

** Chinese ride-hailing firm Didi Global Inc is in talks with state-owned Westone to hand over its data management and monitoring activities, sources said, as part of its efforts to placate domestic regulators

** Sichuan-based Westone would be the main third-party co to manage Didi's massive data stored domestically as per Chinese regulators' guidance, according to two people familiar with the matter

** The CSI300 index surges 1.4% and the Shanghai Composite Index rises 1.1%

** Stock of Westone had soared 71.6% this year, as of last close