Latest news with #Nasdaq-like
Nikkei Asia
2 days ago
- Business
- Nikkei Asia
China's Insta360 targets US growth after $270m IPO despite trade war
PALO ALTO, California -- Chinese panoramic camera maker Insta360 is eying further growth in the U.S. after raising 1.94 billion yuan ($270 million) in its market debut in Shanghai on Wednesday. Specializing in 360-degree filming devices, Insta360 surged on its first day of trading on the Shanghai Stock Exchange Science and Technology Innovation board on Wednesday, opening 285% above its IPO price. It is the largest listing on the Nasdaq-like STAR market year to date.
Wall Street Journal
07-04-2025
- Business
- Wall Street Journal
Chinese Tech Stocks Plunge on Escalating Trade War
Shares of major Chinese technology companies witnessed a selloff on the expected brunt of tariffs and broader concerns that the trade war could hurt the world's second-largest economy just when it was showing nascent signs of recovery. The Nasdaq-like Hang Seng Tech Index in Hong Kong fell 14% at Monday midday, with tech stocks BYD Electronic and Lenovo Group falling 19% and 20%, respectively. The benchmark Hang Seng Index declined by 11%.
