HONG KONG: Major global battery raw material supplier Jiangxi Ganfeng Lithium Co sank on its trading debut in Hong Kong as weaker industry sentiment was compounded by renewed turmoil in global markets.
The stock sank as much as 28% after opening at HK$16.50, the lowest end of its offer range. The firm’s Shenzhen-listed shares tumbled to their daily limit for a second day, as Chinese commodities and battery stocks in China joined a fresh retreat for equities worldwide.
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