Mega bourse mergers less of a threat as exchanges and markets have morphed
LAST month, Hong Kong Exchanges and Clearing Ltd (HKEx) made a surprise US$39 billion bid for 300-year-old London Stock Exchange (LSE).
Some observers say if successful, the move could position Hong Kong as a financial link to the West. It could help reinforce its hub status at a time of high tension in the Special Administrative Region of the People's Republic of China, where anti-government protestors have been out in the streets the last four months decrying Beijing's political influence.
The news did little to permanently rattle the share prices of the Singapore Exchange (SGX) or any other major exchanges, reflecting the consensus that a successful tie-up between LSE and HKEX looked like a long shot because of regulatory and political hurdles. Even if HKEx …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data