China Huishan Dairy shares tumble 90% in one day
Shares in one of China’s largest dairy groups plunged more than 90 per cent on the Hong Kong stock exchange on Friday, knocking $4.1bn from its market capitalisation. China Huishan Dairy Holdings was granted a trading suspension after its shares saw one of the biggest drops in the exchange’s history, cutting its market capitalisation from $4.85bn to $750m and likely causing paper losses for investors including BlackRock and Vanguard. Hong Kong’s bourse […]