In the PM session, both indexes changed direction and moved downward. Till market closed, Automobile and Power Generating led the gain. Agriculture and Food & Beverage led the fall. In total, both markets traded 720.97 billion RMB, up 17.21% dod.
|Open||Close||% Change||(bn yuan)|
|Sector||Top 1||Led by||Top 2||Led by|
|Downward-leading||Agriculture||002604||Food & Beverage||002650|
*Solar Panel Maker Trina Shines Brightly on Shanghai’s STAR Market Debut
Trina Solar Co. Ltd., a solar-panel maker, closed up 111% at its first trading day on the Nasqaq-like STAR market of the Shanghai Stock Exchange on Wednesday. It raised more than 2.3 billion yuan ($325 million) in the IPO.
*EU Privacy Watchdog Sets Its Sights on TikTok
Newly appointed TikTok CEO Kevin Mayer could face heat over privacy issues in Europe after the EU set up a task force to look at the short form video app.
*U.S. Lawmakers Propose $25 Billion to Help Chip Industry
U.S. lawmakers proposed an estimated $25 billion in funding and tax credits to strengthen domestic semiconductor production and counter rising technological competition from China.
*Matrix Partners China Closes New Venture Capital Fund at $750 Million
Matrix Partners China, a venture capital (VC) firm that has backed major Chinese tech firms at their early stages, has raised $750 million for its flagship venture investment vehicle, according to its latest filing with the U.S. Securities and Exchange Commission (SEC).
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