Global Market: China stocks rise as CXMT's blockbuster debut lifts market sentiment

China's benchmark indices rose about 0.5% in mid-morning trade as investors looked beyond concerns over CXMT's blockbuster IPO debut. CXMT shares surged around 500% on listing, briefly making it China's most valuable listed company with a market capitalization above 3 trillion yuan (about $443 billion). The semiconductor sector saw mixed trading, with chipmakers under pressure while equipment and materials suppliers advanced on expectations of fresh capital deployment.