HK stocks trade like a frontier market

The Hang Seng Index plummeted 5.6% on Friday, its worst drop since July 2015 when a bubble popped in China

HONG KONG: Risks are mounting for Hong Kong’s stock market, the world’s fourth largest, after the biggest plunge for the benchmark gauge in five years.

China’s shock decision last week to impose a law cracking down on dissent has led to a flare up of protests in the city, sparked concern over capital outflows and increased tensions with the US. That’s placed Hong Kong, and its financial markets, on the front lines of a growing clash between the world’s two largest economies.