HONG KONG (Reuters) – Hong Kong’s inventory market will keep open throughout typhoons and heavy rain efficient Sept. 23, a change that can assist preserve the worldwide monetary hub’s competitiveness, metropolis chief John Lee mentioned on Tuesday.
Lee, who made the announcement throughout a weekly press convention, mentioned the transfer was in step with different cities and extensively supported by merchants and banks.
Dickie Wong, government director of analysis at Kingston Securities, mentioned there was already market consensus on the rollout of the brand new measure to permit buying and selling beneath excessive climate.
“I do not assume this measure will tremendously assist the market sentiment or buying and selling quantity,” Wong mentioned, including he’s impartial on the measure.
“The market is now extra involved about whether or not the (Hong Kong-mainland) Inventory Join program will be expanded to incorporate extra firms, akin to Alibaba (NYSE:). These measures are extra essential for Hong Kong inventory market,” Wong added.
Shares of the town’s bourse operator Hong Kong Exchanges and clearing eased 0.6% by lunch break. That in comparison with a 0.2% slip within the benchmark .