News Snapshot:
HONG KONG, (Reuters) – A “fragile” geopolitical climate has slowed trading volumes on Hong Kong’s stock exchange, as well as initial public offerings, and presented challenges to its commodities business, particularly nickel, said the CEO of the bourse on Tuesday. China-U.S. tensions are exacerbated in the Russia-Ukraine war. Concerns about the tightening regulatory climate for platform and tech companies and persistent global inflation have “weighed heavily” on markets, said Nicolas Aguzin (chief executive of Hong Kong Exchanges and Clearing). Aguzin said, during an HKEX-sponsored event, that “we’re acutely aware” of some difficulties in our commodity businesses, including nickel, following the...
