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Stocks Blog: Shanghai, Hong Kong benchmarks climb

  • Cathay shares lose altitude over offer to buy Hong Express
  • Traders seek haven in consumer, health-care stocks amid weak economic data
The bull sculpture at Exchange Square in Central. Photo: David Wong
Topic |   Stocks Blog
Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighbourhood of New York on March 15, 2019. Photo: Bloomberg

Hong Kong set to lose IPO crown to Nasdaq, thanks to ride-hailing app Lyft

  • Nasdaq is poised to become the leading IPO market worldwide in the first quarter
  • The New York Stock Exchange could emerge as the world’s top market for listings later this year with an expected debut by Uber Technologies
  • Cryptocurrency play Bitmain cancels share sale in Hong Kong amid lay-offs and leadership reshuffle
Topic |   IPO

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Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighbourhood of New York on March 15, 2019. Photo: Bloomberg
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