(Yicai Global) June 22 -- Chip makers in China's mainland stock markets surged just after opening to boost the Nasdaq-style benchmark in Shenzhen to rise over 1 percent from a mixed start.
SZZT Electronics [SHE:002197], a financial payment chip maker based in Shenzhen, surged to the 10 percent daily limit at 9.34 a.m., and led the overall chip sector to climb over 1 percent. It stopped trading at CNY11.13 (USD1.58).
The ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 1.65 percent by 10.10 a.m. to 2,328.40 after starting off up 0.39 percent. The Shanghai Composite Index opened 0.02 percent lower at 2,966.90. The Shenzhen Component Index stood at 11,680.41, up 0.11 percent.
Editor: Ben Armour