China's Chery Automobile shares soar 11.2% in Hong Kong trading debut

By Scott Murdoch SYDNEY (Reuters) -Shares of Chinese car maker Chery Automobile jumped 11.2% as the company started trading on the Hong Kong Stock Exchange on Thursday following its $1.2 billion initial public offering. Chery, best known for its Chery, Jetour and iCAR brands, is tapping investor appetite as it expands in the competitive electric and smart vehicle market. The stock opened at HK$34.2, while the Hang Seng Index was up 0.1%. Chery last week sold 297.4 million shares at HK$30.75 each in the ...