American stock exchanges are pursuing listings from companies in south-east Asia and India to counteract a sudden slowdown in business from China.
Asian companies based outside China have been largely absent from the US stock market. But they are getting a closer look as Sino-US tensions cause new Chinese listings to dry up and threaten revenue for the New York Stock Exchange and Nasdaq stock market.
“We think the entire region is ripe for IPO activity,” said Bob McCooey, Nasdaq’s Asia-Pacific chair.
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