China's Yangtze Optical Fibre jump 8 pct on policy hopes

Yangtze Optical Fibre and Cable Joint Stock Co

13/08/2018 07:50

** Shares in China's Yangtze Optical Fibre and Cable Joint
Stock Ltd Co  601869.SS   6869.HK  surge 8.4 pct to their
highest since Aug. 3, as investors expect the company to benefit
from government policy 
    ** Stock is set for best day since July 30
    ** Hong Kong-listed shares also rise 1.4 pct 
    ** The Ministry of Industry and Information Technology
(MIIT) said on Friday it planned to bring 4G network coverage to
98 pct of the country's rural areas by 2020 and make full use of
innovations in big data, cloud computing and artificial
intelligence to upgrade consumer electronic products such as
mobile phones, computers and televisions  urn:newsml:reuters.com:*:nB9N1UY000
    ** As of 0625 GMT, about 23.25 million shares of the
Hubei-based company have been traded, compared with their 30-day
moving average of 6.10 million shares a day
    ** The main stock index  .SSEC  is down 1.79 pct

 ((Reuters Messaging:
Tingting.liu@thomsonreuters.com@reuters.net))