2,000% Stock Gains Vanish From Hong Kong

ArticleCurrencyJanuary 26, 2018 - 6:56:23 AM

The world’s most volatile new stocks are vanishing from Hong Kong after regulators tightened oversight of the city’s small-cap Growth Enterprise Market.

Stocks debuting on GEM in the past 12 months rose an average 23 percent on their first day of trading, down from an eye-popping 605 percent for the year through January 2017, according to data compiled by Bloomberg. The performance in the recent period is more in line with the main exchange’s first-day gain of 18 percent...


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