A bunch of stocks in Hong Kong crashed 70% without warning — and no one really knows why
Business Insider -

Shares in several Hong Kong-listed companies fell more than 70% suddenly on Thursday.

Investors and analysts are baffled as to what caused the sudden plunge.

Jiayuan, a property developer, was the worst impacted by the crash, dropping as much as 81%, and seeing more than $HKD25 billion ($3.2 billion) wiped from its market capitalization in a single afternoon.

The stock price of several Hong Kong-listed companies plunged during trading Thursday, leaving investors and analysts baffled as to what...


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