Bearish market: A man looks at a display promoting the Star market in Beijing. All but four of the 25 new listings on the Star market dropped yesterday. — AP
SHANGHAI: The frenzy that greeted China’s new Nasdaq-style stock board is already fading.
All but four of the 25 new listings dropped yesterday, with the market down an average 7.7% by midday break in Shanghai. China Railway Signal & Communication Corp and Western Superconducting Technologies Co were among the biggest decliners, while Espressif Systems Shanghai Co bucked the trend with a 15% advance.
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