While representing entirely different industries, all the offers attracted hefty demand from both institutional and retail investors who were seemingly not concerned about the 2.9% drop in the Hang Seng Index on Tuesday last week - the worst one-day performance in more than five years. While partly reversed in subsequent days, the drop contributed to the Hong Kong market recording a weekly loss for the first time in nine weeks.
Observers attributed the demand to the large amounts of liquidity in the market, but did note that the rush to...
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