Trading on the Shanghai Stock Exchange’s Star Market, a board for hi-tech companies, started on July 22, 2019. Photo: AP Photo

China’s Nasdaq-style Star Market fast losing momentum as stretched valuations, IPO pipeline weigh on investor sentiment

  • Average daily turnover has slumped by more than 60 per cent since trading started in July
  • Combined market capitalisation of the 34 companies on the Star board has fallen 22 per cent from its peak of 690.2 billion yuan
Topic |   Stocks

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Trading on the Shanghai Stock Exchange’s Star Market, a board for hi-tech companies, started on July 22, 2019. Photo: AP Photo
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