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Unitree shares surge nearly 500% on debut as markets stay cautious
The rally came as geopolitical tensions persisted and a bond market rout kept broader stock markets in check.
CNBC World highlighted China-based robot maker Unitree’s debut, with the stock rising about 500% on its first day of trading.
The outlet tied the cautious tone across markets to ongoing geopolitical tensions and stress in the bond market, which it said has been weighing on equities.
Unitree’s sharp first-day move stood out even as those macro and geopolitical factors continued to restrain investor risk appetite.
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Global MarketsUnitree Robotics shares surge 542% in Shanghai debut