China Stocks Trade at Big Discount in Hong Kong as Mood Sours

📆 23/8/2023 1:54 pm
📰 BNNBloomberg

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Shares of Chinese companies listed in Hong Kong are trading at a growing discount to their mainland peers, according to the AH Premium Index, which tracks the price difference between the largest shares listed in both markets.

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Half of Hong Kong Stocks Are Oversold as Bear Market Takes HoldAbout half of the stocks in Hong Kong’s benchmark index are now oversold as investor sentiment deteriorates amid China’s dismal economic data, deflation fears, and a property market slump that’s now threatening a crisis in the shadow lending sector.
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