Hong Kong H-Shares Premium to ADR’S Descends

After being closed for 3 days, H share premiums to New York Stock Exchange ADR’S predictably dropped.  While Hong Kong partied, ADR’S for those stocks with a moderate to high average volume increased from a low premium of .91% to a low of 3.2% based on the last close on 2/10 before Hong Kong started trading again.  Not surprisingly, Hong Kong shares dropped to a premium over ADR shares closer to the last close on 2/5 when both exchanges were active.  Source: AA stocks



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