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HK SFC chief: global stock prices “out of touch with reality”

Richard Newell
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.
HK SFC chief: global stock prices “out of touch with reality”

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. 

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