Read the full judgment text of HCA 002355/1974 on BabelCite. This High Court CFI judgment.
1. The plaintiff is a stock broker and a member of the Hong Kong Stock Exchange Ltd. The defendant was a client of his, having been introduced to the defendant, from what the defendant regarded as a very good source, in February 1973 at which time all stock exchanges in Hong Kong were experiencing frenzied trading. The extent of that period of frenzy can be gleaned from the fact that in March of that year the Hang Seng Index peaked at 1,770 whereas by 10th July of that year it stood at 532.45 an