Home Business News Hong Kong protests spooks stock markets

Hong Kong protests spooks stock markets

by LLB Reporter
13th Aug 19 11:14 am

On Monday the ongoing tension in Hong Kong caused stock markets to fall as protestors shut down airport and images of police clashing filled trader’s screens.

The FTSE 100 closed down at 27.13 points or 0.37% off 7226.72. France’s Cac and Germany’s Dax both followed, closing down 0.33% and 0.12% respectively.

David Madden, market analyst at CMC Markets UK explained, “On mainland China, military personal and armoured vehicles were on display, and this added to the concerns that tensions are heating up.

“The escalation of tensions in the former British territory does not project a positive image for the financial hub, and funds are likely to flow out of the region.”

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