Shares of the 10 newly listed stocks closed higher Monday. Henan Tongxi Transmission, an auto-parts manufacturer, was the best performer, whose shares jumped almost 500 per cent. The remaining 71 stocks were transferred from an over-the-counter market in the Chinese capital called the National Equities Exchange and Quotations. (The Logic, South China Morning Post)

Talking point: The launch of the new exchange came amid Beijing’s commitment to supporting small and medium enterprises while tightening its grip on big tech companies. The government’s crackdown on the tech sector under Chinese President Xi Jinping’s leadership has discouraged investors, triggering the first annual decline in tech startups’ public fundraising in seven years. Tech listings in India, on the other hand, have experienced a 550 per cent increase from last year, according to the Financial Times. Meanwhile, Epic Games officially closed the Chinese version of its popular game Fortnite after Beijing imposed a three-hour weekly limit of video-game playtime per week for those under 18.