Hong Kong sell-downs taper off after record April

Following several large private equity sell-downs in Hong Kong there are signs that block sales are taking a breather.

Hong Kong sell-downs taper off after record April

After a record volume of share sales in April, institutional investors are starting to turn cautious on further offers believing Hong Kong's stock market may have peaked at seven-year highs, say bankers. 

Long-only institutional investors the main buyers of these accelerated offerings feel that markets have peaked and are due for a correction, according to market sources.

The Hang Seng Index has climbed 16.6% so far this year up to May...

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