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Text of report in English by official Chinese news agency Xinhua (New China News Agency)
[Xinhua "China Focus": "ChiNext: To Boom Or To Doom?"]
Beijing, Nov. 2 (Xinhua) - Stocks on ChiNext, the country's Nasdaq-style board for domestic start-up firms, rode on a roller coaster on the first two trading days: soaring at debut and taking a sudden turn on the second day.
Twenty stocks out of the total 28 fell by the daily limit of 10 per cent at Monday close, compared with an average of 106.23 per cent surge on Friday, the first trading day, driven by a speculative surge for quick profits.
About 252,600 individual investors bought 423 million new shares at ChiNext on Friday, accounting for more …