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Article: Hong Kong Stock Exchange reported to be considering stake in American Stock Exchange
- Article from:
- AP Worldstream
- Article date:
- September 11, 2002
- Author:
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Dateline: HONG KONG
Hong Kong Exchanges and Clearing Ltd., which owns Hong Kong's stock
exchange, declined Wednesday to comment on reports that it is considering
buying a stake in the American Stock Exchange.
Local media reported this week that the exchanges in Hong Kong and
Singapore, which are both listed companies, were considering acquiring
stakes in the Amex, the third-largest exchange in the United States.
Officials at Hong Kong's exchange would not confirm the reports, which
cited unnamed investment bankers, but suggested that the company was
on the lookout for strategic investments. Like many exchanges, Hong
Kong is seeking ways to effect 24-hour trading and ...