Most companies surge on first day of trade on China's STAR Market

China's new Nasdaq-style board for homegrown technology firms started tradi...

Shanghai Party Secretary Li Qiang and China Securities Regulatory Commission Chairman Yi Huiman attend the listing ceremony of the first batch of companies on STAR Market, China's new Nasdaq-style tech board, at Shanghai Stock Exchange in Shanghai, China July 22, 2019. REUTERS/Stringer

Most of the first batch of 25 companies - ranging from chip-makers to biotech firms - climbed quickly in early trade on the STAR Market, operated by the Shanghai Stock Exchange. Suzhou Harmontronics Automation Technology Co Ltd , however, triggered its circuit breaker in the opposite direction, falling 30% from the market open.

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