HomeBusinessHong Kong Stocks Reveal China's Gloom with 36% Discount

Hong Kong Stocks Reveal China’s Gloom with 36% Discount

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The rout in Chinese stocks listed in Hong Kong deepened on Monday, with their discount to mainland peers reaching the widest margin in fifteen years, signaling growing pessimism among international investors. The Hang Seng China Enterprises Index dropped 2.4%, nearing a level not seen in almost two decades, while the onshore benchmark CSI 300 Index finished 1.6% lower. This led to a gauge tracking mainland stocks’ price premiums over their dual listings in Hong Kong rising to the widest since 2009.

As international investors continue to express pessimism, Chinese stocks listed in Hong Kong took a further hit on Monday, widening their discount to mainland peers to the largest margin in fifteen years. The Hang Seng China Enterprises Index fell 2.4%, approaching a level not seen in almost two decades, while the onshore benchmark CSI 300 Index also finished 1.6% lower. Consequently, a gauge tracking mainland stocks’ price premiums over their dual listings in Hong Kong rose to the widest since 2009. This latest development is a clear indication of the increasing pessimism among international investors towards Chinese stocks.

The deepening rout in Chinese stocks listed in Hong Kong on Monday led to their discount to mainland peers reaching the widest margin in fifteen years, as international investors continue to express growing pessimism. The Hang Seng China Enterprises Index saw a 2.4% drop, inching closer to a level not seen in almost two decades, while the onshore benchmark CSI 300 Index finished 1.6% lower. This resulted in a gauge tracking mainland stocks’ price premiums over their dual listings in Hong Kong rising to the widest since 2009, painting a grim picture for the Chinese stock market in the eyes of international investors.

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