Hong Kong Stocks Take A Hit As Protest Continues

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Hong Kong Stocks Take A Hit As Protest Continues The unrest is beginning to bite as tourist numbers fall, impacting a range of businesses...

Henderson Land shed 1.1 percent, Sino Land dived 3.39 percent and Swire Properties retreated 0.39 percent, while casino giant Wynn Macau sank 2.42 percent, Sands China fell 2.11 percent and Galaxy Entertainment dropped 1.02 percent.“Protests have become more violent and tense, heightening uncertainty over how all this will end,” said Philip Tse, associate director at Bocom International.

There is also growing concern that China will soon send in forces to quell the demonstrations, which have drawn millions on to the streets of the semi-autonomous territory to protest against what they see as an erosion of freedoms and increasing interference in their affairs by Beijing.

 

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