Feeds

NASDAQ stocks to list in Hong Kong

Marketing move, not a bid for global domination

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.