China Automation Shares Surge 8.5% as StanChart Starts Coverage

China Automation Group Ltd. shares climbed 8.5 percent in Hong Kong trading to HK$6.86 as of 3:44 p.m. local time. The gain was the biggest since March 1.

Standard Chartered Plc started coverage of the stock today with an “outperform” recommendation and a share-price estimate of HK$7.50, according to a report by analyst Ben Hartwright.

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