HK bourse gloom

2008-6-25  |     NEWSPAPER EDITION

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-- Adverstisement --

HONG Kong Exchanges & Clearing Ltd, operator of Asia's third-largest stock market, may drop at least 17 percent to below HK$100 (US$12.8)per share as trading volumes decline, according to a Morgan Stanley report.

That price would be the "fair value" of the bourse operator should the daily value of shares traded falls to an average HK$65 billion for the rest of the year, the report said.

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