Hong Kong stock market reopens to a changed reality under new security law

HONG KONG - Investors in Hong Kong's stock market now need to factor in a substantially altered political and legal environment.

"Though there were protests yesterday, the number of people that took to the streets was much fewer, and severity of the clashes was far less than some of the violence we saw last year," said Raymond Cheng, property analyst at CGS-CIMB Securities."That's reassuring for business." The Hong Kong dollar is also showing few signs of stress -- trading near the strong end of its trading band against the greenback. Its 12-month forward points have dropped since spiking to the highest level since 1999 in May, showing demand to speculate against the currency is also waning.

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Hong Kong: Stocks finish higher[HONG KONG] Hong Kong shares closed with gains Tuesday following a rally in New York as traders welcomed upbeat economic data, though they remained cautious after China passed a controversial security law for the city. Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »