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Chinese short target plunges 41% as nerves fray in HK


HONG KONG: A Chinese financial company targeted by a short seller sank in Hong Kong on Friday, a day after a series of share plunges shook confidence in the city’s small caps.

Chong Sing Holdings FinTech Group Ltd. was down 28 percent at 7.3 Hong Kong cents as of the midday break, after falling as much as 41 percent. Some 145 million Chong Sing shares changed hands, more than twice the past-year’s average for a full trading day, according to data compiled by Bloomberg. 

Corporate News , Markets

   

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