Foxconn shares surge after Citigroup upgrade

Shares of Foxconn International, the world’s biggest contract maker of cellphones, surged as much as 28 per cent on Monday after a Citigroup upgrade to “buy” spurred heavy short-covering in the stock which has languished this year on dwindling handset sales.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1075199/foxconn-shares-surge-after-citigroup-upgrade