Buybacks Back in Hong Kong Stocks, Giving Rally Extra Boost
- Companies spent estimated $3.2 billion on buybacks this year
- Trend will help to support strong market: HSBC strategist
Buybacks are back in fashion in Hong Kong with companies spending an estimated $3.2B this year on their own shares. Bloomberg's Justina Lee reports on 'Bloomberg Markets: Asia.' (Source: Bloomberg)
This article is for subscribers only.
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.
Share buybacks are catching on in Hong Kong.