Bankers pin hopes on blocks to revive equity market

Speculation increases over whether AIG will sell more shares in AIA as a 12-month lock-up is about to expire, but bankers say the divestment may not necessarily be through a block trade.

Bankers pin hopes on blocks to revive equity market
Is AIG about to sell another big stake in AIA? (AFP)

A decline in Hong Kong stocks on Friday reminded market participants that a potential recovery from the slump in share prices will not happen in a straight line and clearly shows that the market remains very headline-driven.

On Friday it was Standard Poor’s downgrade of Spain’s credit rating to AA-, or the same level as China, and the fact that China seems unable to bring down its inflation rate that rattled the markets. China’s...

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