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Shares of Apple supplier Luxshare Precision Industry fell on their first day of trading in Hong Kong on Thursday, capping a lukewarm debut for the city's largest initial public offering of 2026.

Luxshare Precision Industry, the Chinese electronics manufacturer best known for assembling Apple's AirPods and iPhones, launched a Hong Kong share sale on Tuesday seeking to raise up to HK$24.27 billion ($3.1 billion), making it the city's largest listing so far…