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Stocks soared on first day of trade on China’s new STAR Market

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China’s new high-tech board for homegrown technology firms - STAR Market started trading on Monday, with most of the first batch of 25 companies surging in their debuts.

The stocks soared by an average of almost 140 per cent from their IPO prices. Anji Microelectronics Technology (Shanghai) Co. Ltd. was the top performer, ending the day more than 400 per cent higher after surging as much as 520 per cent intraday.

Twenty-two of the 25 stocks triggered a . . .

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