HK's FIH Mobile surges after parent Foxconn's chairman meets Trump

Foxconn Interconnect Technology

03/05/2019 06:16

** Shares of handsets maker FIH Mobile Ltd  2038.HK  jump as
much as 13 pct to HK$1.30, on track to snap their five-day
losing streak. 
    ** FIH stock ranks the 7th biggest percentage gainer in
early afternoon trade, tracking strength of its parent Foxconn
 2317.TW 
    ** Foxconn, formally known as Hon Hai Precision Industry Co
Ltd, climbs 0.8 pct
    ** Foxconn chairman Terry Gou on Wednesday met U.S.
President Donald Trump to discuss the status of the Taiwanese
company's planned investment in Wisconsin, Foxconn and the White
House said on Thursday  urn:newsml:reuters.com:*:nL1N22E0ML
    ** Foxconn pledged to create 13,000 jobs and build a $10
billion campus in Wisconsin, but it has not met early hiring
targets and said it has been reconsidering its plans
    ** As of last close, shares of Hong Kong-listed FIH had
risen 40.2 pct so far this year
    ** FIH has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 28.8 percentage points in the past one
month
    ** Another Hong Kong-listed unit Foxconn Interconnect
Technology Ltd  6088.HK  rises 2.4 pct, while Taiwan-listed
Foxconn Technology Co Ltd  2354.TW  gains 0.7 pct
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  eases 0.3 pct, and the benchmark
index  .HSI  edges down 0.02 pct

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