Hong Kong stocks dropped, with the benchmark hovering around a 10-month low, as surging oil prices and US Treasury yields dimmed the global growth outlook and the abrupt trading halt of China Evergrande Group and its units dented sentiment.
The Chinese artificial intelligence company Beijing Fourth Paradigm Technology set its Hong Kong initial public offering price at the lower end of its range.
By P.R. Venkat The Chinese artificial intelligence company Beijing Fourth Paradigm Technology set its Hong Kong initial public offering price at the lower.
Fourth Paradigm: The company has successfully completed the offshore listing filing process, according a July 3 filing on the China Securities Regulatory Commission (CSRC) website.