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2005-6-3 11:35:00 a.m. HKT, XFNA
STOCK ALERT - HK-listed SMIC higher in line with sector gains, strong Nasdaq
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HONG KONG (XFN-ASIA) - Semiconductor Manufacturing International Corp was
higher following gains in tech-heavy Nasdaq Composite Index amid a fresh
round of merger activity, dealers said.
SMIC was up 0.08 hkd or 5.3 pct at 1.60. The stock was the most heavily
traded issue with turnover of 503 mln hkd.
""There's no specific news on the company, but this was boosted by
Nasdaq's gains overnight due to many reported deals in the sector,"" Francis
Lun, general manager at Fulbright securities, said.
""Other chip-related stocks were higher because of this,"" he noted.
Solomon Systech was up 0.075 hkd or 2.75 pct at 2.80, and QPL
International Holdings gained 0.09 hkd or 9.57 pct at 1.03.
(1 usd = 7.8 hkd)
leonora.walet@xfn.com
lw/net
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