Most markets cheered by reopening moves, Hong Kong suffers losses

HONG KONG (AFP): Optimism over the reopening of major economies across the planet helped push most markets higher Thursday (May 28), as investors looked past building China-US tensions for now, though there remain worries about the uncertain global outlook.

Hong Kong, however, struggled to maintain early gains and fell in the afternoon as investors fretted over a US decision to revoke the city's special status that could see it lose key privileges, bringing into doubt its future as a global financial hub.