Uy Scuti Acquisition Corp. shares rise 1.54% intraday as Chinese firms seek record US listings.

Uy Scuti Acquisition Corp. rose 1.54% in intraday trading, with a record number of Chinese companies seeking a U.S. listing this year, many of which are going public through special purpose acquisition companies (SPACs). This trend suggests that Uy Scuti Acquisition Corp., as a SPAC, may benefit from the increased activity in the market.