Hong Kong stocks sank on Monday, with property firms among the worst hit after the city was gripped by another weekend of violence that saw protesters battle police in the streets and cause more disruption at the airport.[HONG KONG] Hong Kong stocks sank on Monday, with property firms among the worst hit after the city was gripped by another weekend of violence that saw protesters battle police in the streets and cause more disruption at the airport.
The Hang Seng Index ended down 0.38 per cent, or 98.18 points, at 25,626.55, with uncertainty over the China-US trade row also weighing. "Protests have become more violent and tense, heightening uncertainty over how all this will end," said Philip Tse, associate director at Bocom International. There is also growing concern that China will soon send in forces to quell the demonstrations, which have drawn millions on to the streets of the semi-autonomous territory to protest against what they see as an erosion of freedoms and increasing interference in their affairs by Beijing.
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Source: BusinessTimes - 🏆 15. / 51 Read more »