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  • Reuters2 years ago

    China contagion poses risk to HKEx growth strategy

    As contagion from China's stock market rout spreads to Hong Kong, the local bourse's long-touted strategy to help China liberalise its markets is looking increasingly like a double-edged sword. Initially resilient, Hong Kong's Hang Seng index has also taken a beating, tumbling around 16 percent from its peak in April and wiping out all its gains for the year. Hong Kong Exchanges & Clearing's own share price has fallen around 34 percent since it peaked in late May.

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