Hong Kong stock market still falling on protracted protests
The Hang Seng has fallen more than 8% since June 12, with the Hong Kong leader warning of an economic 'tsunami' overwhelming city state
Hong Kong — Apprehension over capital outflows triggered by escalating political unrest has driven Hong Kong’s stock market to its lowest this year and pressured its currency, with analysts warning of more weakness.
The Hang Seng Index fell 2.1% to 25,281.30 points on Tuesday, down 16% from the year’s peak, and is at lows last seen in early January. It has fallen more than 8% since June 12, when street clashes escalated between anti-government demonstrators and the police.