On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1440 AM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
41° Feels Like: 36°
Wind: W 8 mph Past 24 hrs - Precip: 0.08”
Current Radar for Zip

Tonight

Rain 40°

Tomorrow

PM Showers 59°

Sat Night

Mostly Clear 34°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

ZTE shares rise 20 percent, trading 15 times higher than average daily volume

The ZTE company logo is seen as a guest delivers a speech during the company's 15th anniversary celebration in Beijing April 18, 2013.REUTER
The ZTE company logo is seen as a guest delivers a speech during the company's 15th anniversary celebration in Beijing April 18, 2013.REUTER

HONG KONG (Reuters) - Shares of ZTE Corp, China's second-largest telecommunications equipment maker, jumped over 20 percent in late trade on Tuesday after it forecast a first-half profit and announced plans to issue share options to staff.

ZTE's Hong Kong-listed shares rose as much as 20.6 percent to HK$13.96, headed for the strongest gain since October 30, 2008. Trading in the stock was nearly 15 times the average daily volume.

(Reporting By Yimou Lee and Vikram Subhedar; Editing by Jacqueline Wong)

Comments