Nvidia supplier Victory Giant surged 50 per cent on its first day of trading following the biggest Hong Kong initial public offering this year, as investor appetite for artificial intelligence stocks weathers uncertainty in the Middle East.
The printed-circuit board maker closed at HK$315.00 compared with the HK$209.88 price of shares in its HK$20 billion (US$2.6 billion) IPO. The Guangdong-based company has also jumped fourfold in a year in Shenzhen trading.
Victory Giant is the latest in a…
S&P 500, Nasdaq fall as Trump vows response to Iran, tech rally fades – Firstpost
US stocks ended mixed on Tuesday as President Donald Trump’s warning of a response to Iran after an alleged helicopter incident rattled investors, while a renewed selloff in technology and…