Battery-Maker CATL's Shares Jump in Hong Kong Debut
Chinese battery giant Contemporary Amperex Technology's shares soared Tuesday in their Hong Kong debut, marking the world's largest equity offering so far this year. A successful listing of CATL, as the company is known, coincides with a return of risk appetite to global equity markets because of easing trade tensions, particularly between the U.S. and China.
While the battery company is relatively insulated from tariff disruptions because of its limited revenue exposure to the U.S. market, CATL has cautioned about a degree of uncertainty in its outlook. Stock in CATL jumped 16%. Read more:
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