New issues activity is picking up steam in Hong Kong ahead of Christmas as rising markets and China’s recent interest rate cut boosts investor appetite for stocks after a lull in the autumn.
By the close on Monday, Hong Kong’s Hang Seng index had put on 2.5% while the Shanghai Shenzhen CSI 300 Index had risen 15% as the surprise policy easing in China on November 21 and start of the Shanghai-Hong Kong Stock Connect programme sent investors rushing back into equity markets.
Both benchmark indexes have since given back some of those gains but for now the window for equity capital...
¬ Haymarket Media Limited. All rights reserved.
