A woman wearing a face mask walks past a stocks display board outside Exchange Square in Hong Kong July 16, 2020, as the city experiences another spike in coronavirus cases. — AFP pic
And while Europe battles a worrying pick-up in coronavirus cases after weeks of lockdown easing, there are signs the virus is slowing in major states including New York and Texas, and World Health Organisation boss Tedros Adhanom Ghebreyesus said it was “never too late to turn the outbreak around”. Observers have pointed out that Beijing has failed to buy certain products owing to restrictions caused by the coronavirus, but the head of the central People’s Bank of China told state media the country would abide by the agreement despite tensions.
“The strong sense is that the Trump administration won’t want to jeopardise the deal this side of the election for fear of alienating the important midwest farming constituency,” said Ray Attrill at National Australia Bank.Hong Kong rose 1.6 per cent, with Macau casinos rallying on news that China would resume issuing tourist visas to Macau, reopening a crucial revenue stream for resorts that have been battered by a crash in tourist numbers.
In Hong Kong, Next Digital, the media company owned by Jimmy Lai, surged 668 per cent at one point, a day after rocketing 183 per cent, thanks to pro-democracy activists buying it following the anti-China tycoon’s arrest under a new security law.
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