Nomad Investors

HSI Falls 148 pts; CKH Series of Companies Face Selling The Britain's vote to leave the European Union sent shock waves to global bourses. Sterling was under continuous pressure, while Hong Kong bourses saw a narrowed loss this morning. Hang Seng Index recorded narrowed decline after opening down 276 pts and once reclaimed the level of 20,000 pts in the early trade to once peak at 20,117 pts. The benchmark index finished the morning trade at 20,110, down 148 pts or 0.7%. Hang Seng China Enterprises Index faded 47 pts or 0.6% to 8,482. Half-day market turnover amounted to $32.271 billion.  CKH series of companies were under pressure. CKI HOLDINGS (01038.HK)    -3.400 (-4.864%)       Short selling $73.31M; Ratio 13.092%      plunged 5.2% and became the worst performer of blue chips. CKH HOLDINGS (00001.HK)    -3.500 (-4.023%)       Short selling $192.51M; Ratio 8.260%  ...

HSI Plunges 974 pts; UK Leave Camp Ahead The vote counting for the EU referendum nearly finishes. Numerous U.K. TV stations projected Leave camp to win. Hong Kong and global markets were under pressure. Hang Seng Index, after opening down 384 pts, once ticked up 165 pts to 21,034 after Remain camp was slightly ahead. However, the benchmark index tumbled again after Leave camp was ahead. At midday, it collapsed 1,023 pts at most, and plunged 974 pts or 4.7% to end at 19,894. Hang Seng China Enterprises Index dived 402 pts or 4.6% at 8,382. The market turnover amounted to $43.044 billion at midday. Stocks sensitive to EU referendum were broadly under pressure. HSBC HOLDINGS (00005.HK)    -3.350 (-6.594%)       Short selling $2.42B; Ratio 40.542%      nosedived 10.9% to $45.25, representing the worst performer of blue chips. STANCHART (02888.HK)    -5.950 (-9.326%)     Short selling $168.14M;...