Shares in Asia are trading lower today, following Wall Street losses from before.
Hang Seng is 0.1% lower in early trading. The index closed down by 1.7% on Wednesday due to fierce clashes of protesters and riot police over a controversial extradition bill.
"You already have a significant political risk premium in Hong Kong's stock because of the trade effects that are happening, and Hong Kong is the gateway to China, so the prospect of China has hit the last month," said Binay Chandgothia, managing director of Principal Global Investors.
"Add to this and the possibility of something wrong to happen in the ongoing protests. Then you can see that Hong Kong shares are down, "says Chandgothia, adding that now the rating levels in the Hong Kong markets are" quite attractive. "
Shares in China are also down, with Shanghai composite losing 0.3%, while Shenzhen composite is down 0.246%.
The Nikkei 225 is down 0.46% in red, with Apple Japan Display collapsing more than 10% after the company announces new restructuring plans and the CEO is preparing to leave. Topix declined by 1.01%
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.