off-the-wire

BUZZ-China superconductor stocks jump on reports of scientific breakthrough

Kitco Media
By Reuters
Published:
Updated:
Reuters

** Shares in China superconductor stocks surge on media reports of scientific breakthrough toward a superconductor that works under room temperature
** Jiangsu Etern Co shares jump a maximum 10% to the highest in more than one year; Tianjin Benefo Tejing Electric Co surge 10% to the highest since September, 2022


** Western Metal Materials Co and Baosheng Science and Technology Innovation Co rise more than 3%


** Scientists announced this week a tantalizing advance toward the dream of a superconductor material that could effortlessly convey electricity in everyday conditions, the New York Times reported


** The news stirs speculative interest in China superconductor stocks, even as the announcement comes from a team that faces wide skepticism according to media reports

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