HONG KONG -- Chinese state-owned carmaker Chery Automobile lost steam after a roaring debut on the Hong Kong Exchange on Thursday, as the company skipped a listing ceremony due to disruptions brought by Typhoon Ragasa.
Equities
Chinese state carmaker Chery shares cool after hot Hong Kong debut
Stock soars as much as 14% before closing about 4% above listing price
A woman looks at a Chery car at a dealership in Saint Petersburg, Russia, in September 2024. The Chinese automaker, which listed in Hong Kong on Thursday, says it will all but pull out of the Russian market. © Reuters
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