Stuart Culverhouse Head of Sovereign & Fixed Income Research
Nirgunan Tiruchelvam Head of Consumers Equity Research
October 2 2019
Hong Kong protests hit the real economy; worse to come
In the context of the shooting of a protester yesterday in Hong Kong, and the apparent escalation of the protests, we look at the economic and financial repercussions.
It seems doubtful that, given the hardening of positions, there can be a quick resolution to the situation in Hong Kong. Protests have evolved and hardened from their original objection to the extradition law amendment bill to something wider and more fundamental; pro-democracy and universal suffrage. It remains to be seen whether the situation can be resolved through dialogue, not least given the ultimate objective of the protesters is unclear...
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