Hong Kong’s Hang Seng Index Had a Makeover—Then the Market Got Ugly

this year as consumer and business confidence plunged. The country’s housing market is also going through a deep slump, which has dragged down the Hong Kong-listed shares of many Chinese property developers.

The total value of all publicly traded shares in Hong Kong has more than doubled over the past 11 years, even as the level of the city’s benchmark index is back where it was in October 2011.

“The growth of the market capitalization in the Hong Kong market has been driven by its ability to raise capital for more companies rather than by rises in share prices,” said Redmond Wong, market strategist at Saxo Capital Markets.

Have you become financially ill that you dont have money to pay your employees soo you slam Mighty India for your daily food. wall street journal

It’s not timing. It’s the CCP

No it’s because national security law and zero Covid policy and all that good stuff

Victim of poor market timing? Tsk Tsk. It's more than that bubba.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong’s Hang Seng Index Had a Makeover—Then the Market Got UglyHong Kong’s half-century-old stock-market benchmark has become a victim of poor market timing. Victim of poor market timing? Tsk Tsk. It's more than that bubba. No it’s because national security law and zero Covid policy and all that good stuff It’s not timing. It’s the CCP
Source: WSJ - 🏆 98. / 63 Read more »