Worsening relations between the world’s two biggest economies could further hobble global business activity, which is already under intense pressure due to the coronavirus pandemic.
“The S&P 500 looked to be set to close above 3,000 until the late headline that the United States was considering a range of sanctions on Chinese officials and businesses should China go ahead with its legislation regarding Hong Kong,” analysts at the National Australia Bank said in a note.China’s plans to impose national security laws in Hong Kong have triggered the first big street unrest in the Asian financial hub since last year.
Still, the index of world’s 49 stock markets .MIWD00000PUS stood near 2 1/2-month highs, having gained 2.6% so far this month on hopes of economic recovery in the developed world as countries ease social restrictions. “We have seen a clear sign of rising expectations in economic recovery. Now we are beginning to see evidence of various stimulus supporting the economy,” said Toshifumi Umezawa, strategist at Pictet.
天天都是香港新闻
Under the dictatorship of the CCP , HongKong is no longer an international financial hub with freedom but just another China's city filled with government corruption. The special trade status of hk should be revoked. HKPoliceState Chinazi
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