Trading was suspended for dozens of listed companies in Hong Kong’s stock exchange, according to filings, with the market surprised by an unusually popular reason.
Over 70 listed firms’ shares saw trading halts on Thursday morning, according to exchange filings, with some attributing it to the failure to meet the earnings reporting deadline.
Market watcher found it surprising especially when considering the significantly greater number of suspensions compared to last year when the coronavirus outbreak first began.
At least 9 Hong Kong companies suspended trading on April 1 of last year compared to about 25 on the same day in 2019.
