China’s national fitness investment plan boosts domestic sports stocks ...News

Chinese sports stocks jumped an average of 10% after Beijing announced a plan to boost sports activities across the country and investments in national health and fitness. Stocks of sports-related companies such as Impulse (Qingdao) Health Tech Co., Shuhua Sports Co. and retailer Topsports International Holdings Ltd. were trading up on Thursday after initially exceeding their daily limits of 10% in Hong Kong during Wednesday’s trading. Lander Sports Development Co., China Sports Industry Group Co. and Jiangsu Jinling Sports Equipment Co. stocks were also on the rise as of 5am GMT. Also on rt.com

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