Business Maverick: Asian Stocks Drop as Hong Kong Shares Lead Losses: Markets Wrap

Hong Kong’s Hang Seng fell about 3.5%. Losses were more modest in Tokyo and Seoul, while shares edged up in Sydney. China responded to accusations from President Donald Trump, warning that it will safeguard its sovereignty, security and interests, and threatened countermeasures. The yuan was steady as China’s National People’s Congress began with pledges to sell bonds and omit a GDP target for this year due to uncertainties stemming from the pandemic.

Investors are parsing through initial details to come out of the NPC, China’s biggest political event of the year. Beijing is also preparing to impose national security legislation in Hong Kong, a show of legal force that could exacerbate tensions and threatened to reignite violent protests.

Source: News Formal (newsformal.com)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong shares fall as China prepares new security lawsHang Seng drops to a seven-week low on fears US-China confrontations will increase
Source: BDliveSA - 🏆 12. / 63 Read more »

China parliament eyes Hong Kong national security law after unrestPro-democracy lawmaker Tanya Chan said Beijing had 'shown zero respect for Hong Kong people' by attempting to enact the law without consultation.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Wary Asian and US markets retreat over coronavirus worriesInvestors are also awaiting the outcome of a policy meeting in China T-shirt - Designed right size 🌟🌟🌟🌟🌟 4.8/5 Stock available in USA 🇺🇸 Shop Here: T_shirt_Shop_k Shop Here: T_shirt_Shop_k Shop Here: T_shirt_Shop_k 10% OFF | 2 business days shipping 🇺🇸 vnwqJR72Jh
Source: BDliveSA - 🏆 12. / 63 Read more »

Hong Kong shares fall as China prepares new security lawsHang Seng drops to a seven-week low on fears US-China confrontations will increase
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE faces subdued global markets on ThursdayUS markets took a breather from their recent rally, with Asian markets mostly flat
Source: BDliveSA - 🏆 12. / 63 Read more »

Junked: Consequences of the DowngradeJUST ANNOUNCED: tim_cohen, Nazmeera Moola and Peter Worthington discuss the effects of the recent downgrade amidst the Covid_19 pandemic and what SA should be doing to support growth and economic recovery. Register here: Sponsored by Brand_SA tim_cohen Brand_SA We didn't need Moody's downgrade to let's us know SA is junk, we all just need to look at government and their policies, any fool and his goat could tell you SA is junk.
Source: dailymaverick - 🏆 3. / 84 Read more »