Most companies surge on first day of trade on China’s STAR Market

📆 22/07/2019 02:15:00
📰 globeandmail

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Most companies surge on first day of trade on China’s STAR Market GlobeBusiness

China’s new Nasdaq-style board for homegrown technology firms started trading on Monday, with most of the stocks surging in their debut.

Zhangjiang Hangke Technology Inc was the first company to hit an upper-limit circuit breaker designed to temporarily halt trading in a bid to calm frenzied buying, climbing 30% from the market open.Suzhou Harmontronics Automation Technology Co Ltd, however, triggered its circuit breaker in the opposite direction, falling 30% from the market open.

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