Aug
02
Short Sellers Scaring Investors Away From Hong Kong’s Small Caps
By-
Big caps rule Hang Seng’s Asia-beating gains on mainland bids
-
Bocom, Fidelity see small equities continuing to underperform
Hong Kong stocks may be Asia’s star performers this year, but it hasn’t done much to revive the fortunes of the market’s perennial underdogs: small-cap shares.
A peek under the hood of the Hang Seng Index’s 25 percent surge shows it’s being dominated by larger equities, with smaller companies trading at their biggest price discount to the big caps since 2009. That’s despite expectations a trading link between Hong Kong and Shenzhen set up in December would lure mainland money into the former British colony’s smaller shares…
Short Sellers Scaring Investors Away From Hong Kong’s Small Caps
