Chinese IPOs pull through biggest Asia sell-off

Three darts in bullseye 230x150
By John Loh
13 Sep 2018

A week of turmoil in emerging market stocks could not dampen investor enthusiasm for China’s biggest post-summer IPOs, as issuers used a mix of tight cornerstone allocations and compelling equity stories to get across the finish line. John Loh reports.

Hong Kong stocks fell into bear territory this week, following in the footsteps of the wider EM. The MSCI Asia Pacific Index was down for a 10th straight day through Wednesday, meaning equity valuations have fallen by nearly $700bn this year — the longest sell-off in Asian equities ...

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