Swings in stocks are now becoming more extreme, with traders rushing to buy volatility.
HONG KONG: The slump in Hong Kong equities risks turning into a rout as the protests gripping the city show only signs of escalating.
The Hang Seng Index lost 1.8% for its lowest close in three weeks. Local developers and landlords suffered the brunt of the selling as nearly all stocks dropped. Recent ebullience fueled by trade war optimism has faded after clashes turned increasingly violent.
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