Stocks slide as unrest in Hong Kong shakes already-rattled investors

Stocks slipped on Monday as thousands of demonstrators forced Hong Kong's main airport to cancel all flights in the latest escalation of protests within city. The shutdown piles onto investors existing concerns over the global economy amid a deteriorating outlook for a trade deal between the US and China. Shares of Cathay Pacific, Hong Kong's dominant airline, plummeted as much as 4.9% to decade lows after China demanded that it prevent protesting employees from flying to the mainland.

Stocks slipped on Monday as thousands of demonstrators forced Hong Kong's main airport to cancel all flights in the latest escalation of protests within city. The shutdown piles onto investors existing concerns over the global economy amid a deteriorating outlook for a trade deal between the US and China. Shares of Cathay Pacific, Hong Kong's dominant airline, plummeted as much as 4.9% to decade lows after China demanded that it prevent protesting employees from flying to the mainland.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Edge Lower Amid Hong Kong Protests, Trade WoesU.S. stock futures edge down as escalating tensions between Chinese authorities and protesters in Hong Kong add to investors’ global trade concerns. China has vowed a merciless crackdown on demonstrators. realDonaldTrump take note: do this to the next round of PussyHat protestors: 'merciless crackdown.' Trump2020 Terrible analysis. Hong Kong people have lost their ability to prosper, they only love violent demonstrations, why not concentrate on economic development? Hong Kong is no longer rich and powerful. Shanghai will replace Hong Kong's economic power.
Source: WSJ - 🏆 98. / 63 Read more »