Chinese tech shares leap up to 500% as Nasdaq-style market launches

Star listing of domestic tech firms is seen as an attempt to sidestep US markets in trade war China’s tech scene was handed a fresh vote of confidence as investors piled into Shanghai’s new Nasdaq-style stock exchange and sent shares skyrocketing up to 500%. The launch of the so-called Star listing of domestic tech firms is seen as China’s answer to America’s Nasdaq, and an attempt to sidestep US markets in its long-running trade war with Washington . Continue reading...