China’s telecom stocks, a proxy for the value of industrial automation, turned in the best performance in China’s CSI 300 Index of mainland large-cap stocks during February. The telecom subindex of the CSI 300 rose by nearly 20% as of February 20 from its January 17 low.
Telecom rally signals broader China tech shares surge
Telecom stocks’ rise against the rest of the market suggests investors expect high-tech investment to outperform