Hong Kong shares of dual-listed Chinese companies plunge as U.S.-delisting fears resurface

France Nouvelles Nouvelles

Hong Kong shares of dual-listed Chinese companies plunge as U.S.-delisting fears resurface
France Dernières Nouvelles,France Actualités
  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Hong Kong shares of dual-listed Chinese companies including Nio, JD.com and Alibaba plunged in Friday trade after fears of U.S.-delisting resurfaced.

Still, UBS Global Wealth Management's Hartmut Issel remains positive on the affected Chinese stocks, though he admits it's "not for the faint hearted."

The fundamental value of these companies will not be affected, Issel, head of Asia-Pacific equities and credit at the firm, told CNBC's "Street Signs Asia" on Friday: "Virtually all of them, the big ones anyway, these ADRs … their business is exclusively in China." "Virtually now all of them have also Hong Kong listing," Issel added. "As an investor you just have to move over if there is an actual delisting [in the U.S.]."

Furthermore, he said: "We do know that the Chinese and also U.S. authorities are in contact, they could salvage it."

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

CNBC /  🏆 12. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hong Kong offers shelter for battered fintech starHong Kong offers shelter for battered fintech starU.S.-listed Chinese online lender Lufax reported a one-third rise in annual net profit and its first dividend. Yet shares trade at a miserly five times earnings as it fights through a thicket of new rules. Like many peers, it’s mulling a Hong Kong ticker. The sooner the better.
Lire la suite »

Hong Kong puts mass testing on hold as COVID-19 deaths riseHong Kong puts mass testing on hold as COVID-19 deaths riseHONG KONG (AP) — Hong Kong leader Carrie Lam said Wednesday that reducing the skyrocketing number of deaths in the latest coronavirus surge is the city’s priority, putting a plan to tes…
Lire la suite »

‘King Kong’ monkey batters seagull to death, eats it in wild video‘King Kong’ monkey batters seagull to death, eats it in wild video“It was like watching the real King Kong,” said a stunned onlooker who watched a zoo monkey battered to a seagull death and devour it.
Lire la suite »

Hong Kong’s Covid-19 Death Rate Is the World’s Highest Because of Unvaccinated ElderlyHong Kong’s Covid-19 Death Rate Is the World’s Highest Because of Unvaccinated ElderlyThe city was caught unprepared for a massive increase in cases as the elderly vaccination rate remained low after monthslong stretches of zero infections.
Lire la suite »

Body bags, overflowing morgues and chaotic hospitals: Hong Kong’s pandemic goes criticalBody bags, overflowing morgues and chaotic hospitals: Hong Kong’s pandemic goes criticalSince the omicron outbreak began a few months ago, 10 times as many people have died in Hong Kong than in the previous two years — most of them elderly.
Lire la suite »



Render Time: 2025-04-17 17:34:15