Another Rough Night In Hong Kong

Unequality in Hong Kong

Photo: www.flickr.com

Hong Kong’s Hang Seng market continues to be the armpit of the financial world.It fell another 1.8%, more than erasing the previous day’s gains.

Thanks to a combination of slowdown and (shadow) banking fears in China, stocks there have been getting creamed.

It was also rough for the HK-listed Macau gaming stocks, which have been ultra-betas lately.

  • Sands China -3.7%
  • SJM Holdings -5.7%
  • Wynn Macau -3.8%

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.