Piotech stock price rises despite China chip fund stake cut — what to watch next (688072)
Piotech’s Class A shares rose 3.3% to 376.03 yuan Friday after the National Integrated Circuit Industry Investment Fund cut its stake to 16.86% via block trades. The fund sold nearly 3 million shares between Jan. 13 and Jan. 22. Traders await Monday’s market reopening and a shareholder meeting set for Jan. 26.