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Asia

Global Market: China stocks rise as CXMT's blockbuster debut lifts market sentiment

Markets-Economic Times · 1h ago · 🇮🇳 India

Global Market: China stocks rise as CXMT's blockbuster debut lifts market sentiment

Chinese stocks recovered on Monday after a strong debut by memory chipmaker CXMT Corp. The benchmark CSI300 Index and Shanghai Composite Index saw gains amid investor optimism. CXMT shares surged significantly, briefly making it China's most valuable listed company. Regulators introduced supportive measures to stabilize markets after recent sharp selloffs. Broader market resilience followed fears of liquidity drain from the massive initial public offering.

Read the full story at Markets-Economic Times →

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