Bulls Go Missing in Options for Hong Kong’s Bourse Operator
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Investors are running for cover from declines in shares of Hong Kong’s bourse as a rout in Chinese equities curbs trading in the city’s stock market.
Bearish bets on Hong Kong Exchanges & Clearing Ltd., the worst performer last month on the city’s benchmark index, became the most expensive in three years relative to bullish wagers, data on one-month options show. The average daily value of equities traded on the exchange fell about 36 percent in July from April.