An Unexplained 85% Fall Is Nothing New for Hong Kong Stocks
- Huishan Dairy’s shares suspended after abrupt plunge
- Mysterious decline echoes Hang Fat Ginseng, Hanergy, Tech Pro
China Huishan Dairy Loses $4.1B in Value
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One of the most striking things about the 85 percent plunge in Huishan Dairy Holdings Co.’s stock on Friday was how little it surprised market observers in Hong Kong.
The mysterious crash, the indefinite trading halt, the hours without a company statement explaining the move -- it was all too familiar for traders who’ve had to navigate at least three similar episodes in the past two years.