Reuters: Hot Stocks: Zoomlion's HK shares surge after newspaper apologises for article

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Zoomlion's HK shares surge after newspaper apologises for article Oct 28th 2013, 01:47 HONG KONG | Sun Oct 27, 2013 9:47pm EDT HONG KONG Oct 28 (Reuters) - Shares of Zoomlion Heavy Industry Science and Technology Co. Ltd. rose more than 9 percent on Monday after a newspaper said it had not thoroughly fact-checked a disparaging report on the Chinese state-owned construction equipment maker. The apology from Guangzhou-based newspaper New Express came after its detained reporter confessed to accepting payment in exchange for disparaging Zoomlion. The Hong Kong-listed shares of Zoomlion opened up more than 9 percent at HK$7.31, outpacing a 0.4 percent gain in the benchmark Hang Seng Index. (Reporting by Donny Kwok and Anne Marie Roantree; Editing by Edwina Gibbs)

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