The Nikkei rose as much as 0.8% Monday to the highest since March 1990, before reversing course and declining 0.6% to 33,388.03 at the market close in Tokyo. Exporters led losses in the Nikkei and the broader Topix benchmark as the yen strengthened slightly.
HKEX criticized for lagging reforms in Growth Enterprise Market
HONG KONG - The Hong Kong Exchanges and Clearing Limited (HKEX) is facing criticism over its perceived lack of substantial reform to the Growth Enterprise Market (GEM). Despite recent proposals following a six-week public consultation, industry leaders argue that the measures fall short of revitalizing the platform, which has not seen an initial public offering (IPO) since Grand Power Logistics Group's listing in January 2021.
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