Biren Tech (06082.HK) stock price rises as Shanghai Biren Class H shares buck weak Hang Seng
Biren Tech’s H shares rose 1.8% to HK$38.82 in Hong Kong Monday, nearly doubling their IPO price from earlier this month. The Hang Seng index fell 0.6%. Traders are watching the stock’s post-IPO stabilisation period, set to end Jan. 28, as chip sector policy tensions continue.
