Insight - Hong Kong’s wild stock swings hit New York after IPO clampdown

Troubled times: People walk past the complex that houses the Hong Kong Stock Exchange. Problematic IPOs are seeing a drastic tightening of listing rules that are hurting the Asian hub’s small-cap board. — Bloomberg

THE wild stock swings that Hong Kong regulators spent more than half a decade trying to stamp out are now popping up in New York.

Post-listing spikes of thousands of percent in two little-known Hong Kong firms over the past few weeks have baffled investors in the world’s financial capital.