Hong Kong Exchange’s Arculli Sees ‘Potential’ Bubbles in Asia

(Bloomberg) -- Hong Kong Exchanges & Clearing Ltd.’s Chairman Ronald Arculli said asset bubbles may be looming in Asia amid burgeoning stock and property prices. Arculli’s comments, made in a Bloomberg Television interview in Hong Kong yesterday, were in response to U.S. Federal Reserve Chairman Ben S. Bernanke saying on Nov. 16 that it’s “not obvious” asset prices in the U.S. were out of line with underlying values. “He doesn’t see any asset bubble, sitting where he is, which is correct, but in Asia, we’re seeing signs of potential asset bubbles,” Arculli said.

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