News Snapshot:
Hong Kong Exchanges and Clearing Limited (HKEX), the market operator, will further expand its circuit-breaker mechanism to temper wild swings in the price of futures contracts in Asia’s third-largest capital market. The move will add to similar controls put in place since August 2016, first on extreme gyrations in equities and a year later on derivative products. They followed a series of events that provoked regulatory probes into market misconduct such as price manipulation and pump-and-dump scandals. The new measure, starting from April 12, on the futures market will introduce multiple triggers of five-minute periods for investors to cool off...
