Nomura cuts recommendation on HK stocks as protests, trade war escalate

FILE PHOTO: A man walks past a signboard of Nomura Securities outside its branch in Tokyo, Japan, February 2, 2016. REUTERS/Yuya Shino/File Photo

Anti-government demonstrations in the city escalated over the weekend with protesters hurling Molotov cocktails at security forces who responded with water cannon and tear gas, as protests entered their third month. Nomura has cut its rating on MSCI’s basket of Hong Kong companies .dMIHK00000PUS to “underweight” from “overweight”.The protracted U.S.-China tariff war is also piling pressure on the trade-reliant territory, with yuandepreciation hurting the valuation of Chinese companies listed in the financial center, said Nomura.

Hong Kong's excellent infrastructure of finance and trade has its inherent advantages that cannot be formed in a short time.

coward

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

China's yuan, stocks slump as trade dispute escalatesThe Chinese yuan slumped to a fresh 11-year low against the dollar on Monday and... The *Tom & Jerry* trade war loop. Who does this hurt more? TheLastRefuge2 I'm asking God for 1000 downloads of this book before the end of August. 7 days to go.🙏 Christian Family Dating inspirational. If everyone who sees this tweet can afford to spare $2.99, it will happen. If you can't, I'll appreciate a retweet.❤️❤️🙏
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »