Another Rough Night In Hong Kong

Unequality in Hong Kong


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%

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