Tag: Hong Kong

Hong Kong Bankruptcy Filings Surge to 17-Year High Amid Pandemic – Bloomberg

Hong Kong bankruptcy filings surged to a 17-year high after the coronavirus pandemic pushed an economy already reeling from months of protests deeper into recession.
— Read on www.bloomberg.com/news/articles/2020-06-19/hong-kong-bankruptcy-filings-surge-to-17-year-high-amid-pandemic

Thousands of protesters stand off against police in fresh Hong Kong unrest – MarketWatch

In the Central business district, police shot pepper balls at protesters and searched several people
— Read on www.marketwatch.com/story/thousands-of-protesters-stand-off-against-police-in-fresh-hong-kong-unrest-2020-05-27

Hong Kong Stocks Trade Near Lowest Versus World Since 2004

(Bloomberg) — Hong Kong stock investors are the worst off in 16 years relative to the rest of the world as concerns mount over the impact of the coronavirus on an economy already reeling from last year’s protests.The Hang Seng Index is near its lowest level relative to the MSCI All Country World Index
— Read on ca.finance.yahoo.com/news/hong-kong-stocks-trading-lowest-235125010.html

Moody’s Downgrades Hong Kong for ‘Inertia’ Over Protests

(Bloomberg) — Moody’s Investors Service lowered Hong Kong’s rating as a long-term issuer of debt by one notch on Monday, just months after Fitch Ratings took a similar action amid political protests.Moody’s cited a degree of “inertia” characterizing the legislative and executive branches of government
— Read on ca.finance.yahoo.com/news/moody-downgrades-hong-kong-rating-131923050.html

Hong Kong Stock’s 78% Tumble Adds to Wave of Sudden Crashes – Bloomberg

A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2 trillion market has become a breeding ground for wild volatility.
— Read on www.bloomberg.com/news/articles/2019-11-27/hong-kong-stock-s-78-collapse-adds-to-wave-of-sudden-crashes

Hong Kong recession: Economy will remain weak amid protests, trade war

With no end in sight for the protests or the trade war, economists said that they believe Hong Kong’s economy will continue to slow.
— Read on www.cnbc.com/2019/11/01/hong-kong-recession-economy-will-remain-weak-amid-protests-trade-war.html

Hong Kong enters recession as protests again erupt in flames – Reuters

Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said.
— Read on www.reuters.com/article/us-hongkong-protests/hong-kong-enters-recession-as-protests-again-erupt-in-flames-idUSKBN1X706F

Hong Kong enters recession as protests again erupt in flames – Reuters

Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said.
— Read on www.reuters.com/article/us-hongkong-protests/hong-kong-enters-recession-as-protests-again-erupt-in-flames-idUSKBN1X706F