13 Mar Hong Kong-listed companies pour spare cash into stock buy-backs, washing away the red ink from Hang Seng Index
Posted at 01:30h
in Asia
Companies listed on the Hong Kong stock exchange have accelerated their share buy-back programmes as a means to deploy spare cash and boost investor confidence, a move that has propelled the stocks benchmark to a three-month high, erasing all of its year-to-date-losses.Companies trading in Asia’s...