Stocks Surge on China’s New Nasdaq-Like Market

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Stocks Surge on China’s New Nasdaq-Like Market
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China’s new market for homegrown technology companies opened with a bang, with stocks doubling, tripling or more than quadrupling in value on its first day

The Shanghai Stock Exchange’s Science and Technology Innovation Board—dubbed the STAR market by Chinese authorities—is a pet project of President Xi Jinping, part of Beijing’s effort to revitalize a slowing economy and sharpen its edge in the fight for global tech dominance.

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