Shares in CATL closed 16% higher on their Hong Kong debut on Tuesday after the Chinese electric vehicle battery giant raised $4.6 billion in the world's largest listing this year, boosting prospects for equity sales by Chinese companies.

Zeng Yuqun, Chairman of Chinese battery giant CATL, right, bangs a gong to start CATL's debut trading on the Hong Kong stock exchange on May 20. Shares in Chinese battery giant CATL soared almost 17 percent on its first day of trading Tuesday.

Investors are shunning US equities, and Hong Kong Stock Exchange can now claim the biggest IPO of the year. Plus, some western countries are pressuring Israel to end its new Gaza offensive, but . . . Neri Zilber Only one foreign power matters, and that’s the United States, especially under this current US president.