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Shanghai's STAR market seeks wider investor interest with new index

Tech bourse emerges as alternative home for China's Wall Street defectors

The STAR Market index debuts one day after the board's one-year anniversary.

SHANGHAI -- An index tracking China's year-old STAR market debuts Thursday, as the tech-oriented bourse aims to lure a broader range of investors as well as companies leaving or skipping Wall Street amid Beijing's escalating tensions with the U.S.

The Shanghai Stock Exchange will publish the index tracking 50 issues on the market, formally called the Science and Technology Innovation Board, a day after the bourse's one-year anniversary. The component stocks were picked based on liquidity and market capitalization, and will be reviewed quarterly.

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