Nexperia parent shares jump 6% as Beijing signals thaw in tensions with Netherlands

Uniunea Europeana

Shares of Wingtech Technology , parent company of chipmaker Nexperia, extended gains on Monday after Beijing agreed to further talks with a Dutch delegation, easing concerns about a global auto supply crunch. Shanghai-listed Wingtech Technology saw its shares jump as much as 6.4% on Monday, according to LSEG data, after surging 9.7% in the final minutes of trading last Friday on signs of de-escalation in a battle over control of the Dutch-based Nexperia. The Chinese Commerce Ministry said in a