HK-listed China Rare Earth at 15-mth high, tracking peers rally on Xi visit

China Rare Earth Holdings

21/05/2019 05:06

** Shares of China Rare Earth Holdings Ltd  0769.HK  soar 
as much as 62% to HK$0.60, the highest level since February
2018, tracking rally of the peers in the mainland after
President Xi Jinping's visit to some of the firms
    ** Stock tops the biggest percentage gainers in late morning
trade
    ** Stocks in China's rare earth-related firms climb on
Tuesday, amid speculation that the material might be used as a
countermeasure in Sino-U.S. trade spat after president Xi
Jinping's visit to some rare earth companies in a southern
province  urn:newsml:reuters.com:*:nL4N22X0U4
    ** President Xi visited Jl Mag Rare-Earth  300748.SZ  on
Monday, as he surveyed development of the industry in Jiangxi
province, the official People's Daily reported. China's foreign
ministry said Xi's visit is normal and no over interpretation
shall be made
    ** As of Monday's close, stock of the Hong Kong-listed rare
earth and refractory products maker China Rare Earth had risen
12.1% so far this year
    ** China Rare Earth soars 70% to HK$0.63 to the highest
since January 2018       
    ** Jiangsu-based China Rare Earth has outperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 20.7 percentage
points in the past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.2%
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.6%
and the benchmark index  .HSI  gains 0.3%
    

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)