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Hong Kong’s Year as the Worst Stock Market in Four Charts

  • Hang Seng trading lowest relative to global peers since 1998
  • A-share premium over H shares nearing highest in 12 years

Hong Kong stock investors won’t be sorry to see the end of 2021, with the city’s main benchmarks racking up the worst losses this year among major global equity indexes.

Hurt by a triple-whammy of Chinese property debt payment fears, weak retail spending and Beijing’s corporate crackdowns, the Hang Seng Index is down more than 15% this year. That’s its biggest loss in a decade and 2021’s worst performance globally after the 24% loss in its sister Hang Seng China Enterprises Index.