Hot tip: China President Xi sends spicy pickle stock soaring
SHANGHAI (AFP) - Shares in a Chinese food company became one of the market's hottest stocks on Tuesday after Mr Xi Jinping gave its spicy pickles the presidential stamp of approval.
Mr Xi ate "zhacai", made from the root of the mustard plant, with a bowl of millet porridge on his plane during his current tour of Central Asia, the official news agency Xinhua reported.
The pickle is the signature product of Fuling Zhacai Group and buyers with a new-found appetite for its shares sent them surging 10 percent, the maximum allowed, though others scoffed at the reaction.
"China's stock market doesn't want value investing. Speculation is the most important," said Xiao Wu Heng in a microblog posting on Sina Weibo, China's equivalent to Twitter.