Hong Kong assets turn toxic as trade war, protests cloud outlook

SINGAPORE (Aug 12): Investor anxiety is visible just about everywhere in Hong Kong’s markets as recession warnings and escalating protests strain sentiment to breaking point.

While most of the world recovered on Aug 6 from a renminbi-induced meltdown, Hong Kong saw the biggest spike in interbank rates in more than a decade, the longest stretch of equity declines since 1984 and the wildest stock swings in four years.