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Bloomberg
Just as stocks everywhere are being whipsawed by concern that the spreading coronavirus outbreak could bring global economic growth to a standstill, Hong Kong equities have shown relative stability.
The Hang Seng Index hasn’t seen a move exceeding 3% in either direction in six months, while the S&P 500 Index has posted moves of that magnitude in four out of its past seven sessions.
Equity traders aren’t really rushing to hedge against further swings either: an index of expected volatility has remained below its US counterpart for seven consecutive days, the longest stretch since late 2018.