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China tech

China tech stocks soar as Nasdaq-style board for startups opens

Around 25 companies debut on Star Market with some shares jumping over 100%

SHANGHAI -- China's new Nasdaq-style stock exchange commenced trading on Monday with shares soaring between 106.97% and 415.44% during morning trading.

Around 25 companies debuted on the Shanghai Stock Exchange's Star Market, which is meant to serve as a testbed for market reforms and prevent local money and startups from going abroad.

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