A solid earnings season, easing inflation data and a resilient economy have powered the market rally into 2024, with the S&P 500 up 4.8% on the year.
Hong Kong Exchange CEO Nicolas Aguzin said on Friday that he would step down and hand over the top job to co-COO Bonnie Y Chan on March 1, about two months before his three-year term formally ends in May 2024. Aguzin said in a statement that the transition was going 'extremely well' and expressed confidence in Chan and the senior management team. During his tenure as
CEO, Aguzin oversaw the Hong Kong market as it suffered a regulatory crackdown by Beijing during the pandemic, leading to reduced investor enthusiasm for Hong Kong listings. 's share price has fallen more than 46% since Aguzin took the helm, plunging from 450.4 Hong Kong dollars a share to HK$242. 388-HK 5Y mountain — Lim Hui Jie
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