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No Dip Buyers in Sight for Hong Kong Favorite Down 37 Percent

Sofia Horta E Costa
No Dip Buyers in Sight for Hong Kong Favorite Down 37 Percent

One of last year’s most painful short trades in Hong Kong may be finally paying off. There seem to be no dip buyers in sight for AAC Technologies Holdings Inc., with the shares down for a record 12 days at their lowest price since August. Caught in the selloff that has slammed Apple Inc. suppliers this month, AAC is among the year’s worst performers on Hong Kong’s benchmark Hang Seng Index, and is down 37 percent from its November peak.

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