Hong Kong: One of the most striking things about the 85% plunge in Huishan Dairy Holdings Co.’s stock on Friday was how little it surprised market observers in Hong Kong. By the time the stock was halted at midday in Hong Kong, it had lost $4.1 billion of market value. Lorraine Chan, a spokeswoman for Hong Kong Exchanges & Clearing Ltd, said the bourse operator doesn’t comment on individual companies. Huishan’s suspension on Friday highlighted another concern among investors in Hong Kong: the city’s record of unusually long trading halts. “If you look at the number of suspended stocks, it’s unprecedented for a bigger, mature market like Hong Kong,” said Hageback.

Source: Mint March 27, 2017 04:41 UTC