CXMT closed at 49, about the same as opening price, but what a rollercoaster day! It briefly became the most valuable company listed in Chinese mainland intraday. Watching if the zeal continues and whether Samsung/SK Hynix earnings this week give the memory-cycle thesis independent support.
China Biz BuzzAsian Markets Watch: Shanghai index post modest gains of 0.35%, #Nikkei edges up 0.36%. #CXMT, China's largest producer of DRAM, starts trading today. #Kospi the only index dragged lower today driven by intense selling pressure on semiconductor. #SKHynix is scheduled to report earnings on July 28.