Hong Kong Stocks Plunged after Violence Escalated

On Tuesday, Hong Kong stocks inched up slightly, a day after recording their worst day in months as the violence escalated in the city.

Hang Seng Index (HSI) was inched up 0.3%. The index fell more than 2.6% on Monday, as its worst single day percentage loss since the start of August, according to Refinitiv data.

On Monday as the violence escalated to new levels in Hong Kong it plunged the Markets. A protester was shot down by a traffic officer, and a man was set on fire, in another part of the city, when he was confronting with a group of protesters.

China’s Shanghai Composite Index (SHCOMP) opened slightly higher, although was last down almost 0.2%. That was the worst drop in index recorded in more than four months on Monday, and thanks to the uncertainty that is surrounding in the US-China trade talks and also disappointing economic data.

On Tuesday, US stocks futures moved slightly down during Asian trading hours, following a weak session. Futures for the S&P 500 (SPX), Dow (INDU) and Nasdaq (COMP) were all drops between 0.1% and 0.2%

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