A bunch of stocks in Hong Kong crashed 70% without warning — and no one really knows why
|01/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Shares in several Hong Kong-listed companies fell more than 70% suddenly on Thursday.
- Investors and analysts are baffled as to what caused the sudden plunge.
- Jiayuan, a property developer, was the worst impacted by the crash, dropping as much as 81%, and seeing more than $HKD25 billion ($3.2 billion) wiped from its market capitalization in a single afternoon.
The stock price of several Hong Kong-listed companies plunged during trading Thursday, leaving investors and analysts baffled as to what caused the sudden plunge.
Among the worst hit companies were Jiayuan International Group, Sunshine 100 China Holdings, and Rentian Technology Holdings, all of which saw their read more >>>