Hua Hong Semiconductor Class A shares jump to 140 yuan — but a margin-rule shift is the next test
Hua Hong Semiconductor’s Shanghai-listed shares closed up 6.9% at 140 yuan, near a 52-week high, valuing the company at about 184 billion yuan. China’s chip stocks outperformed as traders eyed Jan. 19, when exchanges will raise margin requirements for leveraged stock buys. Hua Hong plans to acquire nearly all of Shanghai Huali Microelectronics for 8.27 billion yuan in new shares, pending approvals.