In recent weeks, economists have been concerned over the future of Hong Kong's economy. Because of the student riots, commenters were largely concerned with the stock market's selloff, as well as luxury store closures, which make up around ten percent of its GDP. Oddly enough, reports are not entirely matching the predictions of economists. While retail sectors are still suffering, overall financial markets are preforming smoothly. On Friday, reports showed that Hang Seng's stock index actually rose about half a percent. However, economists in Hong Kong say that the next few days should be watched closely, as things could escalate quickly and easily change the current economic situation.
Sunday, October 5, 2014
Hong Kong's economy, markets are holding up well
http://fortune.com/2014/10/03/crisis-what-crisis-hong-kongs-economy-markets-are-holding-up-well/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fortunefinance+(Fortune+Finance%3A+Hedge+Funds%2C+Markets%2C+Mergers+%26+Acquisitions%2C+Private+Equity%2C+Venture+Capital%2C+Wall+Street%2C+Washington)
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Its good to see that there is a slight increase in the stock index. I hope that this positive sign will remain and the stock index will continue to increase and we will get more good news from Hong Kong in the future.
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