VeriSilicon (688521) stock price jumps 6% — what to watch before Monday’s China open
VeriSilicon shares surged 6% to 222.01 yuan in Shanghai on Friday, leading chip-design stocks higher ahead of the mainland market’s weekend closure. About 57,000 employee-incentive shares will become tradable on Feb. 2. Traders are watching for Monday’s China activity data and Hong Kong chip IPOs next week. China’s official manufacturing PMI fell to 49.3 in January, signaling contraction.
