Diabytes
Shanghai Stock Exchange News
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All but four companies of the 25 stocks listed on the market fell as investors took profits from opening day gains, erasing about 9% of the total market capitalisation.
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Sixteen of the first batch of 25 companies - ranging from chip-makers to health care firms - more than doubled their already frothy initial public offering (IPO) prices on the STAR Market, operated by the Shanghai Stock Exchange.
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The Pakistan Stock Exchange Ltd has received interest from the Shanghai Stock Exchange and other foreign companies about buying a stake of up to 40 percent, its managing director said on Monday.
Hong Kong shares ended the morning session 0.56 percent higher Thursday following a positive lead from Wall Street, while another weak Chinese manufacturing report increased hopes of more stimulus from Beijing.
Shanghai Stock Exchange has become the world leader in Initial Public Offerings for the first time, outshining rivals, New York and Hong Kong during the first quarter after raising 5.4 billion dollars, a report said.
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