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Markets

Shanghai's Star Market set for volatility after stellar first week

Board ends first five trading days 139% higher but analysts warn over frothy valuations

Nearly 150 companies have applied to list on Shanghai's new board.

SHANGHAI -- China's new Science and Technology Innovation board finished its first week of trading on a high note, raising hopes for companies planning to list but also concerns over volatility for investors.

The initial batch of 25 stocks on the Shanghai Stock Exchange's Star Market ended on Friday an average of 139% higher than their initial public offering price, raising 519.7 billion yuan ($75.5 billion) in total market capitalization.

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