Global Market: Zhongji Innolight shares slip in Hong Kong debut after record $6.8 billion IPO

Zhongji Innolight shares declined in their Hong Kong market debut on Thursday after the Chinese maker of data-centre optical components raised HK$53.4 billion ($6.8 billion) in the city’s largest share sale of the year, according to Reuters. The stock opened at HK$971, below its HK$980 offer price, and later traded at HK$902, marking a decline of nearly 8%. The broader Hang Seng Index remained largely unchanged, while the Hang Seng Tech Index fell 1%. Zhongji’s Shenzhen-listed shares also dropped 12%. S&P 500 Top Gainers Garmin294.83(16.23%) GE HealthCare Techs71.90(12.15%) Cognizant Tech Solns55.97(11.25%) SBA Communications186.29(6.49%) S&P 500 Top Losers Lennox Intl430.02(-20.97%) Masco72.56(-11.09%)…