Chinese tech shares leap up to 500% as Nasdaq-style market launches
by Kalyeena Makortoff from Economics | The Guardian on (#4KN2G)
Star listing of domestic tech firms is seen as an attempt to bypass US markets in trade war
China's tech industry has received a vote of confidence from domestic investors after shares in Shanghai's new Nasdaq-style stock exchange rose by up to 520% on their debut.
The launch of the Star listing of domestic tech firms is seen as China's answer to the US's premier tech index, and an attempt to sidestep American markets in Beijing's long-running trade war with Washington.
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