Huawei supplier SMIC's shares surge in Hong Kong after NYSE delisting

Huawei supplier SMIC's shares surge in Hong Kong after NYSE delisting

Telecommunication equipment sit on display at an exhibition area in the Huawei Technologies Inc. head quarters in Shenzhen, China, on Wednesday 22 May, 2019.

A major Chinese chipmaker surged in Hong Kong amid prospects that its decision to stop trading in New York will attract more volume to its main listing.