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Stocks Blog: China, Hong Kong tumble as STAR technology board debutante soars 400 per cent

  • STAR board trading seen draining liquidity in other markets
  • Prominent Moutai bull lowers target price 
Yujing LiuDeb Price
Yujing Liu and Deb Price

Updated: 8:43pm, 22 Jul, 2019

Why you can trust SCMP
Yujing LiuDeb Price
Yujing Liu and Deb Price

Updated: 8:43pm, 22 Jul, 2019

Why you can trust SCMP
Li Qiang, left, Shanghai Communist Party boss, and Yi Huiman, chairman of the China Securities Regulatory Commission, bang the gong to open trading on the Star Market at the Shanghai Stock Exchange. Photo: Shanghai Stock Exchange
Li Qiang, left, Shanghai Communist Party boss, and Yi Huiman, chairman of the China Securities Regulatory Commission, bang the gong to open trading on the Star Market at the Shanghai Stock Exchange. Photo: Shanghai Stock Exchange
A Chinese investor uses a mobile phone to check a rare earths company's stock price at a securities brokerage house in Beijing in June. EPA-EFE
A Chinese investor uses a mobile phone to check a rare earths company's stock price at a securities brokerage house in Beijing in June. EPA-EFE
Today is a big day in Chinese markets. The new Star technology board begins trading. Photo: Daniel Ren
Today is a big day in Chinese markets. The new Star technology board begins trading. Photo: Daniel Ren
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— Yujing Liu and Deb Price in Hong Kong