Feeds

NASDAQ stocks to list in Hong Kong

Marketing move, not a bid for global domination

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Ever since Nixon went to China, the US has eyed the Chinese market lasciviously, even though the red ink continues to flow in Chinese IT investment. Yesterday, NASDAQ announced that Amgen, Applied Materials, Cisco, Dell, and Microsoft would be listed on the Stock Exchange of Hong Kong from February. Softbank may also be involved in the SEHK launch programme. Trading will be in local currency. The Hang Seng index appeared to be unaffected by the news today, and fell 1.5 per cent. The US stocks to be traded are too high to be popular in Hong Kong, so some method of trading in fractional shares seems likely. Microsoft would be HK$751, whereas the most expensive HK share is Hutchison at HK$107.50. NASDAQ chairman Frank Zarb reiterated that he wants to expand the SEHK listings in due course to the NASDAQ 100. Some SEHK companies may be listed on NASDAQ, although HSBC and China Telecom are already listed on the NYSE. Most Hong Kong stocks are little known in the US. Expansion plans also include NASDAQ exchanges in Europe and Japan for later next year. The deal is seen more of a marketing move for NASDAQ than any form of global domination. The NYSE will be meeting in January in Europe to discuss the so-called G-9 alliance of the nine largest exchanges in the world, except for NASDAQ that is. The benefit of 24-hour trading will probably have as much impact as 24-hour supermarkets - a little more convenience for some, but low volumes. Most trading will continue to take place where there is most liquidity. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.