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Speculation over Alibaba listing delay casts shadow on Hong Kong

Valuation worries likely to keep prospective IPOs away for now, analysts say

The Hong Kong Exchanges and Clearing flag, left, flies in front of the company's headquarters in Hong Kong. (Photo by Ken Kobayashi)

HONG KONG/TOKYO -- Stock market watchers have voiced concern over a possible slowdown in Hong Kong initial public offerings this year following a report that Alibaba Group Holding will postpone its listing amid political unrest in the Asian financial center.

"The valuation of Hong Kong's stocks has fallen significantly," said one analyst with a leading investment bank in Hong Kong.

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