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China tech

China's QuantumCTek surges 1,000% on first day of share trading

Reception after Shanghai listing highlights buoyant feeling among Chinese investors

QuantumCTek shares on Thursday closed 924% higher on Shanghai's STAR Market, giving the Hefei-based company a market capitalization of 29.6 billion yuan. (Source photo by Reuters) 

SHANGHAI -- The shares of Chinese technology company QuantumCTek have set a record by soaring more than 1,000% on their first day of trading on the STAR Market in Shanghai, underscoring how China's investors are plunging into stocks amid expectations of strong growth.

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