Hong Kong under threat?

Published on: 28-May-2020
Category: Trading
Last updated: 28-May-2020

Hong Kong under threat?

Global equity markets seem to be recovering. The restrictions from the corona virus are slowly loosening and the economy is partially reviving. From America to Europe to Asia, the most important stock exchanges have seen a significant upswing.

In the United States, the three major Wall Street exchanges have been able to gain up to over two percent. The Nasdaq technology exchange index rose 0.77 percent on Wednesday to 9,412 points. The broad S&P 500 index rose 1.48 percent and again exceeded the 3000-point mark. The leading index of the USA, the Dow Jones, went out of trading yesterday with a plus of 2.21 percent. In Germany, the Dax is approaching the important mark of 12,000 points. At lunchtime, it recorded a gain of 0.6 percent. And the situation on the stock exchanges also looks friendly in Asia. The Chinese index CSI 300, which tracks the values ??from Shanghai and Shenzhen, ended Thursday with an increase of 0.3 percent. And the Japanese leading index Nikkei 225 also increased significantly with 2.32 percent to 21916 points. The Hong Kong Stock Exchange Hang Seng index ended the day in negative territory at 0.72 percent, due to the possible termination of Hong Kong's special status.

Hong Kong's special rights are to be restricted by a new Chinese security law. This has also led to critical comments from US President Donald Trump. Hong Kong's status as a financial marketplace is at stake and could fuel a further conflict between China and the United States. This has been threatening for some time now through mutual blame for the outbreak of the corona pandemic.


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