Fresh Hong Kong fears spark stocks sell-off

in Latest News

HONG KONG — Hong Kong led a sell-off across world equities Friday after China introduced proposals to enact a national security law for the city, fanning geopolitical tensions and overshadowing optimism about a further easing of virus lockdowns across Europe and the US.

After months of concentrating on the economic impact of the coronavirus, traders’ attention flipped back to China-US tensions, already exacerbated by Donald Trump’s constant criticism of Beijing’s handling of the pandemic.

On the first day of its rubber-stamp parliament, China unveiled proposals to strengthen “enforcement mechanisms” in Hong Kong, after it was rocked last year by seven months of massive — and som…

Keep on reading: Fresh Hong Kong fears spark stocks sell-off

Leave a Reply

Your email address will not be published.