The huge selling pressure coming for Hong Kong's equity market

While the benchmark Hang Seng Index has lost 3.9 per cent in May, its performance stands out against the 6.3 per cent decline for China's CSI 300 Index.[HONG KONG] The apparent resilience of Hong Kong's equity market faces a big test as markets reopen Tuesday.

While the benchmark Hang Seng Index has lost 3.9 per cent in May, its performance stands out against the 6.3 per cent decline for China's CSI 300 Index. On top of that, a weaker yuan weighs on earnings for Chinese heavyweights listed in the city. Investors were unprepared last week for a surge in volatility, with hedging costs near the lowest in 15 months.

Short selling turnover in Hong Kong's main board has been increasing since early May. It accounted for about 15 per cent of total turnover in the city on Friday, the highest in more than two weeks.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Hong Kong: Stocks dip in opening trade[HONG KONG] Shares in Shanghai and Hong Kong fell in the opening minutes of Thursday as investors nervously await the start of high-stakes trade talks between China and the United States. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »