» Bourse wars yet to strike Asia

Bourse wars yet to strike Asia

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Bourse wars yet to strike Asia

Asian stock exchanges are looking to bulk up but government controls and regulatory hurdles mean they are unlikely to get caught up in a takeover wave hitting European and United States markets.

Global markets have been abuzz with merger talk since NYSE Group agreed to buy Euronext for about US$10 billion ($15.8 billion), creating the first transatlantic stock exchange.

That has fuelled speculation about exchanges seeking a third leg by investing into an Asian bourse or takeovers within the region.

But Asian exchanges, although generally not owned by governments, are nonetheless tightly controlled, with even listed bourses such as Hong Kong Exchanges and Clearing facing strict limits on ownership.

More: nzherald.co.nz

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