Global stocks bounce as investors shrug off approval of China's new draconian law on Hong Kong, and look to 'galactic' coronavirus stimulusMost global stocks rose on Thursday, shrugging off the approval of a new security law in Hong Kong, which many fear will allow Beijing to rule the semi-autonomous region with greater control, and could threaten its status as a global financial center.
Hong Kong's Hang Seng Index was one of the only major indexes to fall on the day, losing around 0.7% by the end of trading. China's National People Congress approved a proposal on Thursday that targets subversion of state power, terrorism activities and foreign interference.
I would ask China to believe in the rights of their people. We need cooperation between world powers now more than ever.
Because nothing matters and no one cares when there is money to be printed and stocks to rise.
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