Shares of publicly listed agriculture and food companies in China spiked on Thursday against the backdrop of stricter Covid measures across several regions in the country that have cause food supply shortages.
The share price for Zhongnongfa Seed Industry Group (SHA: 600313) jumped nearly 9% intraday to hit a limit-up, followed by other companies in fruit and vegetable production, food biotechnology and seed technology that also rallied 3-5%.
Stronger agriculture equities in China echoed with th...