Hong Kong Stock Gains Lead the World's Major Indexes, but May Mislead

The stock market in my home town, Hong Kong, has advanced the most so far this year among the major Asian exchanges. The Hang Seng index closed Tuesday up 32.6% in 2017.

That puts it ahead of South Korea's record highs, a 24.7% advance driven largely by Samsung Electronics. It also puts the Hang Seng ahead of the resurgent Japanese market, where the Nikkei 225 is flush with past glory, and a 17.1% rise....872 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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