HK SFC chief: global stock prices “out of touch with reality”
In an unusually public move, Ashley Alder, CEO of Hong Kong's securities regulator, voices concern that equity markets have disconnected from fundamentals because of central bank actions.
On a day when the US's S&P 500 index hit a new record high, the head of Hong Kong’s securities regulator issued a statement saying that global equity prices are out of touch with reality and the traditional role of capital markets has been compromised.
Ashley Alder, chief executive of the Securities and Futures Commission (SFC), said stock price fundamentals had been sidelined by continued unconventional central bank policy. He made the comments at a roundtable for institutio…
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