Business & Finance
Hong Kong Stocks Face Pressure From $33 Billion Lockup Expiry
Key Points
Hong Kong Stocks Face Pressure From $33 Billion Lockup Expiry Hong Kong’s underperforming stock market may come under renewed pressure as a large amount of shares frozen under restrictions tied to equities offerings become tradable next month. At least HK$255 billion ($32.5 billion) worth of stocks, either from initial public offerings or secondary share sales, will see their temporary lockups expire in July, the most for any month through the rest of this year, according to exchange data...
Hong Kong Stocks Face Pressure From $33 Billion Lockup Expiry
Hong Kong’s underperforming stock market may come under renewed pressure as a large amount of shares frozen under restrictions tied to equities offerings become tradable next month.
At least HK$255 billion ($32.5 billion) worth of stocks, either from initial public offerings or secondary share sales, will see their temporary lockups expire in July, the most for any month through the rest of this year, according to exchange data calculated by Bloomberg.