Zhongji Innolight shares fall on Hong Kong debut amid global AI sell-off

Zhongji Innolight saw its share price drop as much as 3 per cent after its hotly anticipated debut on the Hong Kong stock market on Thursday, as the Chinese firm felt the impact of a global downturn in investor sentiment towards the artificial intelligence sector. By 9.33am, it dropped by 2.86 per cent to HK$953. The C

Shares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.

Mexico's exports soared to an all-time monthly high of US$72.55 billion in June 2026, a 34.4% annual jump, pushing the first-half trade surplus to nearly US$9.86 billion as global manufacturers deepen their bet on nearshoring to North America.

July 28 : Ionic Digital, a bitcoin miner and cloud infrastructure provider, was valued at about $2.25 billion after its shares fell in their Nasdaq debut on Tuesday.The stock opened at $50 apiece, down nearly 5.7 per cent from a reference price of $53 set by the Nasdaq on Monday.A direct listing allows a company to lis

Shein will struggle to justify up to $50 billion Hong Kong IPO valuation  Reuters

Investors are expected to scrutinize whether Shein can justify the US$40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.