Global Market: CXMT shares soar 470% in Shanghai debut, becomes China’s most valuable listed company

CXMT Corp shares surged dramatically on their Shanghai trading debut. The memory chipmaker’s stock price increased by as much as 470%. This surge briefly made CXMT China’s most valuable listed company. The blockbuster listing offers investors a test of appetite for the semiconductor sector. CXMT raised over $8 billion through its initial public offering.

Zen Technologies shares fall 6% after Q1FY27 profit drops 28%, revenue declines 10% YoY

Zen Technologies shares fell significantly after reporting lower first-quarter profits and revenue. The company experienced a revenue decline of over 10% year-on-year. Management highlighted a robust order pipeline and improved execution visibility for upcoming quarters. Zen Technologies closed the quarter with a substantial order book of over Rs 1,000 crore. Institutional investor interest in the…