International IPO Weekly Winners & Losers
RenaissanceCapital·- The Renaissance International IPO Index rose 1.3 % last week, outpacing the ACWX ex-US ETF, with Zijin Gold International and Kokusai Electric experiencing contrasting performances. - Unitree Robotics surged 346 % in its Shanghai STAR IPO, highlighting robust activity in Mainland China's market alongside notable gains from several Indian listings. - Upcoming market pipelines feature major expected offerings, including SHEIN's anticipated Hong Kong listing targeting a valuation of 26 billion dollars or more and new deals across India and other global regions.Australian shares post best session in nearly three weeks
Businesstimes News·HSI Down 544 pts; HSTI Down 183 pts; BABA Down over 9%; XIAOMI Down over 4%; TENCENT Down over 3%
AASTOCKS News·- At the midday close, the Hang Seng Index dropped 544 points or 2.1% to 25,465, while the Hang Seng Tech Index fell 183 points or 3.8% to 4,582. - Major heavyweights recorded significant declines, with BABA down over 9%, XIAOMI down over 4%, and TENCENT down over 3%. - Other index constituents also faced downward pressure, though selective stocks like PING AN and SINOPEC CORP posted modest gains.