Shares rocketed by as much as 520 per cent on the first day of trading for Shanghai's new science and technology-focused equities market, as investors scrambled to buy the first 25 companies to list on the so-called Star Market, leaving other Chinese equities high and dry.

Star has been billed as China's answer to Nasdaq and Beijing hopes it will encourage investment in domestic tech innovators, ensuring they have the resources to develop.

Early trading on Monday gave an emphatic endorsement to that notion, with the first stocks trading between 120 per cent and 520 per cent higher from where

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