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5G Concept Sector Echos A-shr Peers Higher; YOFC, COMBA Boom 8.5%, 14%
In Chinese bourses, 5G and Huawei concept sectors shot up 1.5% and 1.8% respectively and outshone other sectors, with three stocks hitting the daily cap.Relevant Hong Kong-listed s...
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5G Concept Sector Echos A-shr Peers Higher; YOFC, COMBA Boom 8.5%, 14%
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2020/01/20 11:29
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In Chinese bourses, 5G and Huawei concept sectors shot up 1.5% and 1.8% respectively and outshone other sectors, with three stocks hitting the daily cap.

Relevant Hong Kong-listed stocks resonated. COMBA (02342.HK), in particular, soared 14% higher to $2.9; CHINACOMSERVICE (00552.HK) and YOFC (06869.HK), both topping 250 MA, shot up 4.5% and 8.5% to $6.01 and $17.56.

Chinese telecom carriers have recently had the first 5G carrier network tender project done for 2020, while investors were putting their odds on Huawei's 5G gear adoption in Germany.
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