Luxshare Precision Industry began trading in Hong Kong on Thursday with a stumble, its shares sliding on a debut that had been trailed as the city’s biggest listing of 2026. The stock fell as much as 9.6% below its offer price before clawing back part of the loss, an underwhelming opening for one of the year’s most closely watched share sales. The Apple supplier had priced the listing at HK$63.28 a share, the very top of its range, raising about HK$24.3bn ($3.1bn). Coming days after it set the offer at the ceiling, the soft start was a reminder that a well-covered...