Hong Kong stocks at discount show depth of China gloom
Financial Express Mumbai|January 23, 2024
A ROUT IN Chinese stocks listed in Hong Kong intensified on Monday, pushing their discount to mainland peers to the deepest in 15 years in the latest sign of growing pessimism among international investors.
  • DEEPER SELLOFF SHOWS GLOBAL PESSIMISM ABOUT CHINA

The Hang Seng China Enterprises Index fell 2.4%, inching closer to a level last seen almost two decades ago, while the onshore benchmark CSI 300 Index finished 1.6% lower.

As a result, a gauge tracking mainland stocks’ price gaps versus their dual listings in Hong Kong reached the widest since 2009— implying a 36% discount for the offshore market.

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