HONG KONG, Sept 28 Shares of Chinese sportswear
brands rallied on Friday in healthy trading volumes after
brokerage UBS said in a report the companies would be among the
first to recover from the current downturn in the economy.
Shares of Anta Sports Products Ltd, the biggest
player in the sector by market value, rose as much as 11.6
percent to their highest intraday level in more than three
months. The shares were last trading up 7.7 percent.
Rival Li Ning Co Ltd's shares rose 5.9 percent.
Analysts at UBS said an industry-wide restructuring would
address issues such as overcapacity and inadequate distribution
that have hampered growth as well as allow the companies to pay
(Reporting by Vikram Subhedar; Editing by Matt Driskill)