Shanghai shares rise for four days in a row

Shares of electronic component firms help drive key index higher

Shanghai stocks ended higher today for four days running.

The Shanghai Composite Index rose 0.36 percent to close at 3,427.79 points.

Electronic component shares were among the biggest gainers. Will Semiconductor Co Ltd Shanghai, Shanghai Fullhan Microelectronics Co Ltd and Tech Semiconductors Co Ltd all surged by the daily limit of 10 percent.

"With the development of Internet of Things and automotive electronics, China will become the region where the semiconductor chip industry develops fastest globally," said Wind Information.

Robot companies such as Shanghai Mechanical & Elect Ind Co Ltd also hit the daily maximum cap as the ongoing 19th China International Industry Fair created awareness on artificial intelligence.

SJEC Corp, an escalator and elevator manufacturer that's linked to Qihoo 360 which is said to be eying to purchase it to secure a backdoor listing on the Shanghai bourse, extended the rally for the third day after it resumed trading by surging 9.96 precent to 11.70 yuan.

Hebei Hengshui Laobaigan Liquor Co Ltd also surged by the 10 percent cap after its full acquisition of Fenglian Liquor.



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