Foxconn shares surge on broker upgrades

Foxconn International Holdings, the world's biggest contract maker of mobile phones, surged by a record yesterday after Citigroup and HSBC upgraded the stock on much improved prospects for generating profits.

The company's shares surged by as much 31.9 per cent to finish at HK$3.60, compared with a 0.47 per cent decline in the benchmark Hang Seng Index.

via Business feed http://www.scmp.com/business/companies/article/1075776/foxconn-shares-surge-broker-upgrades