News Snapshot:
HONG KONG: Hong Kong's financial markets watchdog said on Thursday (Sep 24) that about 20 per cent of the market manipulation schemes it is currently investigating are so-called "ramp and dump scams" conducted via social media. The targets of such scams are local retail investors who account for roughly 10 per cent of Hong Kong-listed shares' trading value, according to exchange data, a relatively high proportion compared to other markets. Advertisement Advertisement Many small cap stocks in Hong Kong are little traded and prone to wild price swings and sudden crashes. The Securities and Futures Commission (SFC) has, in recent...
