INVESTORS who has put their money in the Hong Kong Stock Exchange (HKEx) saw it coming. But nobody knew what to do when the stocks that were trading at lofty valuations came crashing down.
In a space of 24 minutes on Wednesday, Hanergy Thin Film Power Ltd (HTFP) saw its market capitalisation shaved off by US$19bil, which is some 47% of its value. The stock was eventually suspended.
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