From News Service Reports — No sooner had after China signaled it would impose new national-security laws on Hong Kong than markets throughout the world trembled.
By early afternoon Friday in Hong Kong (22 May), the Hang Seng Index had lost 5.6%, with property, financial and infrastructure stocks retreating between 5% and 9%, putting it on course for its worst day since July 2015.
Elsewhere … even U.S. stocks opened lower, after a steep drop in Hong Kong shares, as continued tension between Washington and Beijing and the gloomy outlook for China’s economy weighed on investors mind-set like a bad hangover.
The last time Beijing sought to establish a new national security order on the ‘Special Administrative Region f China’, the political ground shook.
It is still shaking.
(This feature will be updated as often as felt needed.)