People wearing face masks walk past an electronic board displaying the Hang Seng Index price on March 26, 2020. Photo: AP People wearing face masks walk past an electronic board displaying the Hang Seng Index price on March 26, 2020. Photo: AP
People wearing face masks walk past an electronic board displaying the Hang Seng Index price on March 26, 2020. Photo: AP

Hong Kong stock market

Battered Hang Seng Index trading below book value for third time in 27 years may signal massive rally in Hong Kong stocks

  • The Hang Seng Index traded as low as 0.92 times its net asset value in March, as stock prices dropped below the book values of the 50 constituents
  • When the index’s price-to-book ratio fell below 1 in 1998 and 2016, it rose at least 36 per cent in the following year

Topic |   Hong Kong stock market
People wearing face masks walk past an electronic board displaying the Hang Seng Index price on March 26, 2020. Photo: AP People wearing face masks walk past an electronic board displaying the Hang Seng Index price on March 26, 2020. Photo: AP
People wearing face masks walk past an electronic board displaying the Hang Seng Index price on March 26, 2020. Photo: AP
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