Hong Kong Stocks’ Yawning Gap Versus World Keeps Getting Wider
- Hang Seng Index among worst performers in Asia this quarter
- Shares to face more pressure on China-U.S. tensions: analyst
This article is for subscribers only.
Stock investors lost more money in Hong Kong than in most places this quarter. Again.
The Hang Seng Index has lost 4%, lagging MSCI Inc.’s gauge of global stocks by more than 10 percentage points for a second quarter running. The Hong Kong benchmark has not seen back-to-back underperformance of that magnitude in data going back to the 1990s. Nearly a third of Hang Seng members lost 11% or more during the period.