Stocks in Hong Kong Tumbled Nearly 14 % on Wednesday.

In the biggest listing in hong kong so far this year. Amid a lack lustre market. Its institutional tranche was over subscribed more than four times, defying speculation. Tesla didn't buy shares in the offering. That said, south korea's l g chemical, one of the world's biggest e v battery makers, was one of the so called corner stone investors that bought a substantial steake in the equity offering.