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. ZTE's Hong Kong-listed shares rose as much as 20.6 percent to HK$13.96, headed for the strongest gain since October 30, 2008. Trading in the stock was nearly 15 times the average daily volume. (Reporting By Yimou Lee and Vikram Subhedar; Editing by Jacqueline Wong)
via Tech News Headlines - Yahoo! News http://news.yahoo.com/zte-shares-rise-20-percent-trading-15-times-073931472.html
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