Hong Kong says stock market to stay open during typhoons from Sept 23
HONG KONG : Hong Kong’s stock market will defend launch at some point soon of typhoons and heavy rain efficient Sept. 23, a alternate that may motivate attach the world financial hub’s competitiveness, metropolis chief John Lee said on Tuesday.
Lee, who made the announcement at some point soon of a weekly press convention, said the switch modified into per other cities and broadly supported by traders and banks.
Commercial
Dickie Wong, govt director of compare at Kingston Securities, said there modified into already market consensus on the rollout of the recent measure to enable trading under wrong climate.
“I don’t recount this measure will vastly motivate the market sentiment or trading volume,” Wong said, adding he is neutral on the measure.
“The market is now extra eager about whether or now not the (Hong Kong-mainland) Stock Join program will be expanded to encompass extra companies, corresponding to Alibaba. These measures are extra fundamental for Hong Kong stock market,” Wong added.
Shares of the metropolis’s bourse operator Hong Kong Exchanges and clearing eased 0.6 per cent by lunch shatter. That compared to a 0.2 per cent scramble within the benchmark Grasp Seng Index.
Commercial
Source: Reuters
