Kingsoft Surges on Bets China Will Use Its Programs Over MS Word
Beijing Kingsoft Office Software Inc.’s shares surged after the Chinese government used the company’s product for a major policy announcement, reflecting optimism about future demand.
The firm’s Shanghai-listed stock rose as much as 18% on Monday, the most since February. It was one of the best performers in the benchmark CSI 300 Index, which fell 1.7% after trade tensions re-escalated between the US and China.