It has been a tumultuous third quarter for Hong Kong stocks, with protests in the city and flare-ups in the US-China trade war weighing on the market. More importantly, a reversal of this downward spiral is unlikely any time soon.
“The downtrend is not finished, and this is not the bottom” for Hong Kong stocks, said Hong Hao, managing director at Bocom International Holdings in Hong Kong. “There is no clear solution to the social unrest at hand. The market is losing patience and confidence.”
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