[Reuters] ZTE shares rise 20 percent, trading 15 times higher than average daily volume

Posted by: UGN Security

[Reuters] ZTE shares rise 20 percent, trading 15 times higher than average daily volume - 07/23/13 03:39 AM

HONG KONG (Reuters) - Shares of ZTE Corp, China's second-largest telecommunications equipment maker, jumped over 20 percent in late trade on Tuesday after it forecast a first-half profit and announced plans to issue share options to staff.