SHANGHAI: Companies on China's new Nasdaq-style bourse retreated on Tuesday, shedding some of the massive gains made on their volatile debut in the previous session, although all remained well above their listing prices.
Yuan Yuwei, fund manager at Olympus Hedge Fund Investments Co, said that STAR Market valuations could remain frothy in the short term, but that he expected to see declines over the next two to four weeks. On Monday, stocks posted average gains of 140per cent.
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