This is becoming awkward. The $19bn decline in the value of Hanergy shares on Wednesday was striking — but neither shocking nor, on its face, an indication of a wider problem in the Hong Kong market. The shares’ bizarre valuation and, ah, unique trading patterns had long been scrutinised. Good clean fun, then (except for the saps holding solar energy ETFs that own Hanergy — the Guggenheim Solar ETF was off 8 per cent on Wednesday).
這件事正變得有些難辦。週三,漢能薄膜(HTF)市值蒸發190億美元,這令人注目,但既不令人震驚,表面上也不表明香港市場存在更大的問題。漢能薄膜的荒唐估值和「獨特」交易模式早就引起關注。就此而言,這件事不值得讓人擔心,倒是有趣得很——除了那些持有包含漢能的太陽能板塊交易所交易基金(ETF)的傻瓜們——Guggenheim Solar ETF週三下跌8%。
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