Two years after Hong Kong’s securities regulator vowed to nip irregularities in the bud, flash crashes are still plaguing the world’s fourth-largest stock market.
This year’s wave rivals the notorious “Enigma Network” that prompted the last bout of regulatory hand-wringing in 2017. In mid-January, Chinese real estate developer Jiayuan International Group Ltd plunged without warning, triggering a US$4.8bil selloff in small-cap stocks.
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