Chinese Stocks Close Mixed; Mini-LED Shares Jump
Liao Shumin
DATE:  Jun 02 2020
/ SOURCE:  Yicai

(Yicai Global) June 2 -- China's mainland stock markets finished the day on different sides of the baseline while mini-light-emitting diode firms led the group of gainers with a 4.55 percent increase.

The Shanghai Composite Index closed at 2,921.40, up 0.2 percent. The Shenzhen Component Index ended 0.09 percent higher at 11,112.50. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, fell 0.60 percent to 2,145.29.

Apple is considering to invest over USD330 million in Taiwan to manufacture mini-LED displays for its products, Taiwan Sourcing Service Provider reported. Consequently, Anhui's Coreach Technology [SHE:002983], a recently listed firm that claims to have patented a mini-LED technology, climbed by the daily limit of 10 percent to CNY46.82 (USD6.60).

Editor: Emmi Laine

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Keywords:   MiniLed,Chinese Stock Market