The market value of the Hong Kong Stock Exchange shrinks 14 billion US dollars into th

The Hong Kong stock market has a low trend this year, dragging down the market value of the Hong Kong Stock Exchange for nearly $ 14 billion (about S $ 18.7 billion), becoming the worst -performance stock market in the world.

Comprehensive Bloomberg and Sing Tao Daily reported that the stock price of the Hong Kong Stock Exchange has plummeted 25%this year, resulting in a market value of the Hong Kong Stock Exchange shrink nearly $ 14 billion.Bloomberg data shows that this decline is the largest of the 24 global listed securities and commodity exchanges.

The Hong Kong Stock Exchange closed at noon at noon (about S $ 43.69) at noon on Wednesday (December 6), with a slight increase of 0.4%and a market value of 322.792 billion Hong Kong dollars.

Affected by factors such as the slowdown in China's economic slowdown, the intensified geopolitical tensions, and the rise in global interest rates, the liquidity of Hong Kong stocks continued to decline in the past two years.According to data from the Hong Kong Stock Exchange, in the first seven months of this year, the average daily turnover of Hong Kong stocks was only 113.6 billion Hong Kong dollars, which was far lower than 166.7 billion Hong Kong dollars in 2021.On October 5 of this year, Hong Kong stocks sold only 47 billion Hong Kong dollars throughout the day, reaching a new low since December 28, 2018.

In order to boost the liquidity of the Hong Kong stock market, the Hong Kong Special Administrative Region Government will reduce the stamp tax rate of the stock transaction to 0.1%from November 17 this year, hoping to increase the competitiveness of the Hong Kong stock market.However, some analysts believe that this has not greatly boot the role of the stock market.

It is reported that in recent years, the number of companies listed in Hong Kong has become less and less. The new stock market blows cold winds to make the Hong Kong Stock Exchange worsen. In the past, the situation of new shares driving market activity is gone.Under the return of China Stocks, this year's Hong Kong IPO manifestations were worse than the epidemic in the epidemic.