China's Nasdaq-Like ChiNext Races to Highest Since September
Liao Shumin
DATE:  Feb 21 2019
/ SOURCE:  yicai

(Yicai Global) Feb. 21 - The ChiNext Index, tracking Shenzhen's board of growth firms, has risen to a record high since last September on the back of shares related to the fifth generation of wireless networks.

The ChiNext Index climbed above 3 percent to 1,452 points this afternoon. Firms related to the 5G sector, including Jiangsu Yitong High-tech [SHE:300211] and XDC Industries [SHE:300615], raced to hit the upper limit of 10 percent increases, while heating up the charts a few days before the Mobile World Congress 2019 will open on Feb. 25 in Barcelona, Spain. 

Shenzhen's OnePlus, Huawei Technologies and Seoul's LG Electronics have announced earlier that they will be releasing handsets that support 5G at the MWC 2019.

Editor: Emmi Laine 

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