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You could call it a divine intervention. Foxconn, a Hong Kong-listed company, jumped nearly 60 percent Thursday after the president of Taiwan's Apple supplier launched a presidential bid.
Terry Gou announced Wednesday that he would join the primaries of the main Taiwan opposition party, Kuomintang, after the sea goddess Matsu asked him to "come and contribute".
The announcement comes after Foxconn, known as Hon Hai Precision Industry, said Tuesday that the self-proclaimed billionaire would pull out of the company's day-to-day management. Taiwan will hold presidential elections in January 2020.
FIH Mobile, a Hong Kong-listed subsidiary of Foxconn, climbed 58 percent on Thursday before falling 11.4 percent. The title is on track to win 66.7% for the week.
Foxconn Industrial Internet Co, a Shanghai-listed company, climbed 10 percent on Thursday, after closing up 10 percent on Wednesday.
Hon Hai Precision Industry closed down 0.2% in Taipei, after peaking 6 months earlier in the session.
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