Investors are shunning US equities, and Hong Kong Stock Exchange can now claim the biggest IPO of the year. Plus, some western countries are pressuring Israel to end its new Gaza offensive, but . . . Neri Zilber Only one foreign power matters, and that’s the United States, especially under this current US president.

The reception suggests investors still have an appetite for Chinese companies despite trade tensions with the United States.

CATL's IPO is reported to be the largest listing made in 2025 globally. On the Shenzhen stock exchange, CATL shares initially opened lower but reversed course to rise 1.5% to 264