United States
Hide

Hang Seng Index has worst day since 2015 as tensions flare up again between China and the West

Hong Kong (CNN Business)Hong Kong's Hang Seng Index (HSI) dropped nearly 5.6% Friday after news broke that Beijing would move to pass a hugely controversial national security law for the Asian financial hub. The news — which could be the biggest blow to Hong Kong's autonomy since its handover to China in 1997 — also further stoked tensions between China and the United States. Global stock markets were rattled, and oil took a hit too. Friday's close was the Hang Seng's worst performance since July 2015."The very real threat now, is the return of mass protests to the streets of Hong Kong, a downgrade in trade status with the US, and potentially an exit of large companies" from the city, wrote Jeffrey Halley, senior market analyst for Asia ...
Top
Bottom