China Chip Supplier Xinde Jumps in HK Debut as Denglin Slumps

Jiangsu Xinde Semiconductor Technology Co.’s shares surged in their Hong Kong debut, while Suzhou Denglin Technology Co.’s stock slumped on their first day after the Chinese chip suppliers raised a combined $301 million in their initial public offerings, entering the market at a time of extreme volatility especially for technology stocks.