News

China’s new Nasdaq-style STAR in-Market collapses, and on the second day of the trade

FILE PHOTO: A sign for the STAR Market, which is China’s new Nasdaq-style and tech, the board of directors shall be given after the closing ceremony of the first batch of companies on the Shanghai Stock Exchange (SSE) in Shanghai, China, on July 22, 2019. REUTERS/Stringer/File Photo

SHANGHAI (Reuters) – China’s STAR Market, with the kick-off for the second day of trading on Tuesday, with a sharp decline in most of the publicly-traded shares, a day after they have posted average gains of 140%, which is the implied volatility of a new Nasdaq-style board.

At the beginning of the trade, as well as 22 of the 25 companies listed on the board were trading lower, with the number of shares to be trading down as much as 18%. Micro-Tech (Nanjing) Co., a medical device company, bucked the general trend by rising approximately 15%.

The debut album from the STAR, Market square on Monday and saw a number of stocks to climb by as much as 520% or more, and has more than doubled, and the board of directors of the combined market capitalization of.

Report by Andrew Galbraith; Editing by Kim Coghill

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular