Superconductor LK-99 Breakthrough Buzz Spurs China, Korea Tech Rally
- Duksung, Jiangsu Fasten among stocks trading limit up
- ‘Would be disruptive for wide range of industries’: Jefferies
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Claims about a breakthrough in superconductor technology that could revolutionize the power, transportation and chip industries have sparked surges in some Korean and Chinese stocks even as scientists remain dubious.
Small caps including Duksung Co., Sunam Co. and Shinsung Delta Tech Co. jumped by their 30% daily limits for a second-straight day in Seoul. In China, Jiangsu Fasten Co. and Henan Zhongfu Industry Co. climbed by their 10% limits for a second session.