Fri, January 27, 2023

Hong Kong Protests Drag HK Stocks | Wibest

Stock news on Friday

Wibest – Hong Kong: Skyline of Victoria Harbor, Hong Kong

Hundreds of HK nationals sit in Hong Kong International Airport as protest. Majority of the protestors are young HK nationals who were wearing black T-shirts at the time.

The protesters handed out anti-government leaflets translated in more than 16 languages to arriving passengers of the terminal. The flyers content were apologies for the “unexpected Hong Kong” and other slogans that expresses their sentiments for Hong Kong.

Now the sit in protest has drawn attention from international media but has pulled Hong Kong stocks down.

AIA Group Ltd. lost 1.81% or 1.40 points; stocks went down to HK$75.80 in sessions. Hong Kong Exchanges and Clearing stocks declined 1.86% or 4.60 points in the session.

Hang Seng Bank stocks dipped 0.52% or 0.90 points, costing around HK$172.50 in trading sessions. CK Hutchison Holdings lost a mere 0.15% or 0.10 points, now shares are trading at HK$67.95.

As the protest continues, companies in Hong Kong worry  about the outlook of their companies. Protesters reiterated their demands and are pleading to put the case in front of an international audience.

The protest disrupts the flow of passengers and the operation of the airport. The travel is hub links the city to more than 220 destinations in the world. Last year, the airport occupied 74.7 million passengers.

Local authorities started to tighten security in the terminal. According to reports, airport officials said that only the passengers with travel documents will be able to enter the airport.

Protest Demands

The group had five demands; the first one is the withdrawal of the extradition bill proposed by officials. So, the bill would supposedly allow Hong Kong nationals to be extradited to China.

The second demand is for the government to disclaim the movements as a riot. State-owned media in the mainland has posed the movement of Hong Kong nationals as a riot.

The third is for the government to retract all charges against the citizens who participated in the rally.

The fourth is an independent committee that will investigate the HK police’s use of force. The last one is a universal suffrage in elections for HK’s chief officer and legislature in 2020.

YOU MAY ALSO LIKE

Sterling declined on Thursday. What about Euro and Dollar?

Sterling fell slightly on Friday but was still close to its highest

Nokia Beats Exceeds Earnings Predictions

Nokia Oyj’s earnings topped expectations. Even amid a worse macroeconomic backdrop, as

IBM Plans to Cut up to 4 Thousand Jobs

The wave of companies cutting workers continued on Wednesday with International Business

COMMENTS

125 responses to “Hong Kong Protests Drag HK Stocks | Wibest”

  1. hello there and thank you for your information – I have definitely picked up something new from right here. I did however expertise several technical issues using this web site, since I experienced to reload the site lots of times previous to I could get it to load properly. I had been wondering if your web host is OK? Not that I’m complaining, but sluggish loading instances times will very frequently affect your placement in google and can damage your quality score if ads and marketing with Adwords. Anyway I’m adding this RSS to my email and could look out for much more of your respective fascinating content. Ensure that you update this again soon.|

  2. I think this is among the most vital info for me. And i’m glad reading your article. But should remark on some general things, The website style is ideal, the articles is really great : D. Good job, cheers|

  3. I have read so many posts on the topic of the blogger
    lovers but this paragraph is in fact a pleasant paragraph, keep it
    up.

  4. Howdy just wanted to give you a quick heads up.
    The text in your content seem to be running off the screen in Internet explorer.
    I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know.
    The layout look great though! Hope you get the
    issue fixed soon. Many thanks

  5. Fastidious respond in return of this matter with solid arguments and explaining everything regarding that.|

Leave a Comment

Your email address will not be published. Required fields are marked *

BROKER NEWS

OANDA Japan: No More fxTrade, USD/JPY Margin Shift

On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service.  Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of

BROKER NEWS

Broker News

OANDA Japan: No More fxTrade, USD/JPY Margin Shift

On Friday, one of Japan’s longest-standing online forex and CFD brokerages, OANDA Corporation, announced major changes to their service.  Specifically, the Japanese subsidiary of the brokerage will no longer allow new downloads of its