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Shares of Chinese state-owned enterprise Shengu Group surged over 1700% after its IPO, prompting intervention from the Shanghai Stock Exchange to curb speculative trading.
Shenyang Blower Group (SBG), a centrifugal compressor manufacturer based in Liaoning Province, China, saw its stock price surge 1216% from its offering price two days after it began trading on September 17. It briefly hit a peak intraday, with a total gain exceeding 1700%. This stock price surge attracted market attention and prompted the Shanghai Stock Exchange to intervene to curb speculative trading.
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Previous: U.S. spot Bitcoin ETFs recorded a net inflow of $347 million on September 23, with BlackRock's IBIT leading the way, according to SoSoValue data. Spot Ethereum ETFs saw a net inflow of $105 million, with BlackRock's ETHA contributing approximately $50.8 million.
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