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Like China stocks? The same shares are 12% cheaper in HK

China's US$4.7t stock market is surging after central bank cut interest rates last month, for the first time since 2012
Saturday, December 6, 2014 - 05:50
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TIME TO BUY?: Discounted shares in Hong Kong could benefit from a rally as they catch up with their counterparts in Shanghai.

Shanghai

THE rush to pile into the world-beating stock rally in Shanghai has become so fevered that many investors are passing over identical shares that are trading more than 10 per cent cheaper in Hong Kong.

It's a reminder of how froth can overwhelm basic value investing