Foxconn Int'l says unaware of any reason for stock jump
HONG KONG, Oct 12 (Reuters) - Foxconn International Holdings Ltd (FIH) , the world's biggest contract maker of cellphones, said on Friday it was unaware of any reason behind a sharp rise in its stock price.
Shares of FIH, which assembles handsets for the likes of Nokia Oyj , Huawei Technologies Co Ltd and ZTE Corp , rose more than 10 percent earlier in the day, extending a 17 percent gain the previous day.
The rise was attributed to a brokerage report from Daiwa Capital Markets saying that FIH was likely to get iPhone orders soon, even though it does not assemble Apple products now.
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(Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree)