SPACs appear to be losing sheen in Singapore, Hong Kong

SPACs appear to be losing sheen in Singapore, Hong Kong

FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su

Special purpose acquisition companies (SPACs) appear to be losing their luster in Hong Kong and Singapore after the bloom already came off the rose in the U.S. amid expectations of stricter regulations and bearish sentiment in global financial markets.