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Suzhou Dongshan Precision Manufacturing shares fall on Hong Kong debut
Suzhou Dongshan Precision Manufacturing Co. saw its shares fall on their Hong Kong trading debut, following a lukewarm reception to its HK$9.9 billion (approximately US$1.26 billion) initial public offering (IPO). The company's stock dropped as much as 6% after its Wednesday debut in Hong Kong, closing down 4.6%. Investor sentiment was impacted by an ongoing sell-off in China's artificial intelligence (AI) and tech hardware sectors, with Dongshan Precision being a key supplier of AI server components.
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