FIRST AIRED: July 22, 2019

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00:00:00
tech shares reached for the stars in China Monday stocks on China's new now stuck stall board for home grown tech firms up as much as four hundred percent for the day sixteen of the first twenty five companies more than doubled the IPO prices on the so called star market firms which include chip makers in healthcare companies so huge average gains of a hundred and forty percent ninety microelectronics had the largest jump the firm ended the day four hundred percent up from its IPO price even the weakest performer let eighty four percent numbers were way beyond what investors predicted I'm buying was so manic he tripped exchange circuit breakers designed to calm frenzied activity the stock market is modeled on the nasdaq it has a U. S. style IPO system and could be trying his boldest attempt to come to market reforms yet but the stock market dragged on the Shanghai composite index over role that was down one point two seven percent as investors through everything at the Chinese nasdaq