SHANGHAI -- Shares of Chinese producers of eggs, animal feed and other agriculture-related products rallied on Monday, as investors bet they will benefit from higher tariffs on imports from the U.S.
New Hope Liuhe, the country's leading animal feed maker and a major hog producer, ended the day in Shenzhen up nearly 5%. Suzhou Ovodan Foods, an egg producer listed on the Beijing Stock Exchange, jumped by the bourse's trading limit of 30% in morning trading. Henan Qiule Seeds Technology, a developer of crop seeds also listed in Beijing, climbed 29%, while Shanghai Menon Animal Nutrition Technology, another producer of animal feed, rose by 20%.
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