Lehman’s Asian units stop trading

16 Sep 2008

The impact of Lehman Brothers’ bankruptcy spread to Asia on Tuesday as regional units in Hong Kong and Japan ceased operations.

Lehman said in a statement it had suspended operations at three Hong Kong subsidiaries — Lehman Brothers Asia, Lehman Brothers Securities Asia and Lehman Brothers Futures Asia. The asset management arm will continue to operate as usual.

Lehman’s announcement came as the Hong Kong Securities & Futures Commission ...

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