China's first batch of ultra-long special bonds surge on debut, triggering suspension

SHANGHAI: The first batch of China's 1-trillion-yuan ($138.14 billion)ultra-long special treasury bonds, which debuted on Wednesday, surged 25% in the early session on the Shanghai stock exchange, triggering trading suspensions.

The 30-year sovereign bonds jumped more than 13% at the open, prompting a 30-minute suspension by the Shanghai Stock Exchange, which cited "abnormal fluctuations" and urged investors to be rational.