Foldable Phone Frenzy Is Supercharging Stock Gains in China
- Tianma Microelectronics is top of MSCI Asia gauge this year
- Trading turnover in Tianma and BOE Technology shares soars
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Foldable phones are creating a buzz in the consumer electronics sector, and in China’s equity market.
Display maker Tianma Microelectronics Co. rallied 77 percent this year through Wednesday, in the lead up to Samsung Electronics Co. unveiling a $1,980 smartphone with a foldable screen. Fellow display producer BOE Technology Group Co. had jumped 46 percent since the start of year.