Straits Times Index
3,231.29 +40.58 (+1.27%) Nikkei
26,747.37 +344.53 (+1.30%) Hang Seng
20,538.99 +418.31 (+2.08%) FTSE 100
7,302.74 -135.35 (-1.82%) BTC-USD
30,085.47 +1,004.11 (+3.45%) CMC Crypto 200
670.61 +18.38 (+2.82%)
HANG SENG INDEX (^HSI)
| Previous close | 20,120.68 |
| Open | 20,470.95 |
| Volume |
| Day's range | 20,408.68 - 20,602.83 |
| 52-week range | 18,235.48 - 29,490.61 |
| Avg. volume | 2,511,901,550 |
- Reuters
Hong Kong new listings volume sinks to 9-year low on China slowdown
Hong Kong's new listings volume plunged 90% to a nine-year low this year, data showed, as China's sharp economic slowdown and its regulatory drive cast a long shadow over the city's prospects as a destination for initial public offerings (IPOs). The drying up of share listings in Hong Kong bodes ill for investment banks, who make about a third of their revenue in the region from equity capital market deals, and for the Chinese-ruled territory's status as a global financial hub. Only $2.1 billion has been raised this year via IPOs and secondary listings in Asia's most popular fundraising venue compared to $20.7 billion by the same time last year, according to Refinitiv data, the slowest start to a year since 2013.
- Yahoo Finance UK
FTSE 100 falls as UK inflation data sparks recession fears
London's benchmark index faltered in afternoon trade after new figures showed inflation soared to a 40-year high.
