No momentum: A file picture shows the flag of Hong Kong Exchanges Clearing Ltd (top centre), the Chinese national flag (bottom centre), and the Hong Kong SAR flag (bottom right) in Hong Kong. A strategist at CMB International Securities Ltd says the waning turnover shows asset managers aren’t convinced that an improvement in China’s economic figures for March will prove sustainable. – Bloomberg
TAIPEI: The 15% rebound in Hong Kong’s stock market is doing little to excite investors.
Even as the Hang Seng Index climbed to a 2016 high last month, the average value of shares traded in the city has collapsed to the least in 1½ years.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
