Why ACM Research Stock Was Surging Today
Shares of ACM Research (NASDAQ: ACMR) were moving higher today as Chinese stocks surged after a state-run newspaper said that a healthy bull market was especially important following the pandemic. The news lifted the Shanghai Composite by 5.8%, its biggest one-day gain in five years, and also propelled stocks with close business ties to China, like ACM Research.
As of 12:49 p.m. EDT, ACM was up 23.6%.
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