19/10/17

"Kill The Bulls" - Traders Puzzled By Last Minute Hong Kong Crash



----
"Kill The Bulls" - Traders Puzzled By Last Minute Hong Kong Crash
// Zero Hedge

Is this what sparked the global slide in stocks?

After months of 'calm', well-managed market gains, Hong Kong's Hang Seng Index crashed almost 600 points in the last few minutes of the day - the biggest drop since the day of the US election in Nov 2016...

Some big movers included Geely Automobile Holdings, which has more that tripled this year, plunged 7.5 percent, while Hong Kong developers declined after three-month bank borrowing costs climbed the most this year; and ZTE Corp., a telecoms equipment maker, sank 11 percent after disappointing preliminary results.

The crash - over 2.2% - was not driven by the ....

Posta un commento