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VERIFIEDET Markets·positive
Sumitomo Chemical shares soar 11%, record biggest single-day surge in nearly 2 years. Here’s why
AI Summary
- ·Sumitomo Chemical India shares surged approximately 11%.
- ·The surge was driven by heavy trading volumes and a development at its Japanese parent's Korean subsidiary, Dongwoo Fine-Chem.
- ·Dongwoo Fine-Chem's joint venture with Samsung Electro-Mechanics for glass core substrates increased optimism regarding semiconductor packaging demand.