Investors punished Singapore Exchange Ltd., driving its stock down the most in two years, for agreeing to pay A$8.4 billion ($8.35 billion) for Australia’s main bourse. At the same time, Hong Kong Exchanges & Clearing Ltd., which manages Asia’s No. 3 stock market, climbed to the highest level since January 2008, and Bursa Malaysia Bhd. jumped the most since March. Full story
Singapore Igniting Exchange Speculation in Malaysia
Bloomberg, 25 Oct 2010
Shares of the Hong Kong and Malaysia stock exchanges jumped yesterday after the takeover of ASX Ltd. ignited merger-and-acquisition speculation in Asian markets.
Investors punished Singapore Exchange Ltd., driving its stock down the most in two years, for agreeing to pay A$8.4 billion ($8.35 billion) for Australia’s main bourse. At the same time, Hong Kong Exchanges & Clearing Ltd., which manages Asia’s No. 3 stock market, climbed to the highest level since January 2008, and Bursa Malaysia Bhd. jumped the most since March. Full story
Investors punished Singapore Exchange Ltd., driving its stock down the most in two years, for agreeing to pay A$8.4 billion ($8.35 billion) for Australia’s main bourse. At the same time, Hong Kong Exchanges & Clearing Ltd., which manages Asia’s No. 3 stock market, climbed to the highest level since January 2008, and Bursa Malaysia Bhd. jumped the most since March. Full story
