Neusoft Leads China Technology Stocks Higher on State Cloud Computing Plan
Stock Chart for Neusoft Corp (600718)
Neusoft Corp. rose in Shanghai trading, leading gains by China’s technology stocks, after the government said it will start a cloud computing trial.
Neusoft, a Chinese software maker, gained 6.1 percent to 19.30 yuan at 10:58 a.m. local time. UFIDA Software Co. climbed 2.4 percent to 24.40 yuan. A measure of technology stocks had the biggest gain among the 10 industry groups in the CSI 300 Index.
China selected Beijing, Shanghai and three other cities to start a cloud computing trial, the Ministry of Industry and Information Technology said in a statement. Cloud computing refers to the delivery of hosted services such as communications infrastructure, software, and data storage through the Internet.
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