|
|
Article: HONG KONG STOCK EXCHANGE TO SEEK STAKE IN US MARKET
- Article from:
- AsiaInfo Services
- Article date:
- September 13, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
00-00-0000
Hong Kong Stock Exchange to Seek Stake in US Market
HONG KONG, Sep 13, 2002 (AsiaPort via COMTEX) -- Hong Kong Exchange
& Clearing Ltd. is seeking to acquire a stake in the US stock market
to build a global stock trading platform, a local media reported Wednesday.
The Asian Wall Street Journal said Wednesday that the company, Hong
Kong's sole stock exchange operator, is in discussion of acquiring
a controlling stake in the New York-based American Stock Exchange
(Amex), the third largest stock market in the United States after
the New York Stock Exchange and the Nasdaq.
The Amex, which was valued at 500 million US dollars to 700 million
US dollars this year, would ...