Chinese groups jump on trading debut

[FT News]

China State Construction Engineering, the world's largest initial public offering in more than a year, saw its shares surge as it started trading in Shanghai, but the Shanghai Composite fell the most in eight months

More...

[forum_admin]

China State Construction Engineering, the world’s largest initial public offering in more than a year, saw its shares surge as much as 90 per cent to Rmb7.96 as it started trading in Shanghai on Wednesday.

However, investors pulled out of other Chinese stocks, with the Shanghai Composite closing 6.1 per cent lower at 3,227.192, its sharpest one-day fall in eight months. The sell-off in Shanghai led other Asian markets lower, with the MSCI Asia Pacific index down 0.9 per cent.