Hong Kong’s equities benchmark, the Hang Seng Composite Index, has gained 0.4% year-to-date as of market close on Aug. 7. The S&P 500 gained 15% in the same period, while China’s CSI 300 rose 20.3%.
Police fired tear gas at protesters in multiple parts of Hong Kong on Aug. 5 after a general strike hit transport and retail outlets. In an address on the same day, the city’s chief executive Carrie Lam said the territory’s prosperity was at risk, and warned of an “extremely dangerous situation”. She refused to meet any of the protesters’ demands.
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