SHANGHAI: They propelled a little-known semiconductor manufacturer to a 521% surge, traded a mid-sized railway company 13 times more feverishly than the world’s largest bank and valued a chipmaking-gear producer at an eye-watering 730 times earnings.
Chinese investors greeted the opening of the country’s Nasdaq-style stock market with a frenzied burst of trading yesterday, driving gains in all 25 companies that made their debut.
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