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Currency/China ADR Weakness As Hong Kong Sees Massive Buying From Mainland Investors

Por: Forbes Business October 20, 2022

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Key News Asian equities were broadly lower overnight except for Indonesia and Malaysia posting +1% returns. US-listed Chinese stocks (ADRs) were off significantly yesterday on little tangible news. After the US stock market opened, online real estate company KE Holdings (BEKE US) had a 14mm share block trade at a -8% discount to the previous day’s close. BEKE’s 1-year average volume is almost 14mm shares, so this was a significant sale... + full article



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