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Jumping ahead of Hong Kong, STAR Market tech index slips on debut

Rival China bench marks take different approaches to inclusion

Launching a year after the opening of Shanghai's STAR Market, the STAR 50 index is intended to showcase the new board's high-tech listings.    © Reuters

SHANGHAI/HONG KONG -- Competition to spotlight Chinese technology stocks heated up a notch on Thursday as Shanghai's STAR Market launched its first index, just two trading days ahead of the debut of a Hong Kong rival.

The STAR 50 dipped 0.2%, or 3.1 points, from its open by closing, though it briefly rose in the first half-hour of morning trading. Equipment maker Suzhou Tztek Technology led the declines, with a drop of 5.2%.

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