Another Hong Kong stock crash exposes its wild market volatility
China First Capital Group plunged as much as 78% on Wednesday before trading was suspended — last week, ArtGo Holdings plummeted 98%
27 November 2019 - 12:28
Beijing/Hong Kong — A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2-trillion market has become a breeding ground for wild volatility.
China First Capital Group, an investment company that focuses on financial and education services, plunged as much as 78% on Wednesday before trading was suspended. Virscend Education, which is partly owned by First Capital, also lost as much as 78% before paring its decline to 32%...
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