Hello, this is Kenji from Hong Kong.
We’re in the midst of the twice-a-year corporate earnings rush. The first one comes in March, when companies announce their full-year results, while this one is for interim results — the local exchange here doesn’t require quarterly reporting. As the deadline to disclose mid-year earnings for most listed companies comes at the end of the month, the final two weeks of August become a traffic jam of earnings releases.
While stock markets in Hong Kong and in mainland China have been responding strongly to the ups and downs of the results coming out each day, a similarly large shockwave hit a group of shares in Shenzhen and Shanghai seen as having links to Chinese video game Black Myth: Wukong.
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