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HSBC downgrades stocks in Singapore and Hong KongSingapore and Hong Kong are small and open economies that are highly exposed to swings in the global environment, said HSBC.
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Stocks are sliding due to a 'smorgasbord of risks' across Argentina, Italy, Hong Kong, and SingaporeAn election upset tanked markets in Argentina, Italy's ruling coalition is in disarray, and Hong Kong protests are continuing. Actually stocks prices are labile for the usual reason: With any excuse to bid down prices significantly the guys with the money pull the trigger in unison knowing within a day or two of 3 down days they will take major profits.
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