Zhongji Innolight drops 5% in Hong Kong debut after $6.8 billion IPO
What's new: The deal was Hong Kong's biggest share sale of 2026, but the stock opened below its HK$980 offer price amid a broader AI-chip pullback.
Bloomberg, CNBC +1
What's new: The deal was Hong Kong's biggest share sale of 2026, but the stock opened below its HK$980 offer price amid a broader AI-chip pullback.
What's new: The Apple supplier's Shenzhen-listed shares have more than doubled in a year, lifting its market value above $77 billion.
Heavy rain above 70 mm an hour and winds up to 80 km/h raise risks of severe flooding, landslides and disruptions ahead of the long holiday.
Exports rose 65 percent in January-May, but total deliveries fell more than 20 percent as China's market weakened.