STOCKS | China’s Commercial Space Stocks Rise on Reported SpaceX IPO Allocation

China’s A-share commercial space sector traded higher, with several related stocks posting sharp gains. According to Jin10, a report said the placement results for a SpaceX IPO had largely been finalized, with a little over 20% of the shares set to be allocated to retail investors. In the A-share market, Chuangyuan Xinke rose more than 19%. Longhua Technology and Lens Technology each gained more than 10%. AVIC Xi’an Aircraft and Taiyong Changzheng hit their daily limit. Aerospace Development, Soochow Chuangke, and Tianao Electronics also advanced.