People walking past an electronic stock board of a securities firm in Tokyo. Hong Kong stocks tumbled on Tuesday (Jan 21) after the city's credit rating was downgraded over its response to months of sometimes violent protests, while investors in Asia were also spooked by a deadly SARS-like virus that has been confirmed to be transmitted between humans. - AP
HONG KONG: Hong Kong stocks tumbled on Tuesday (Jan 21) after the city's credit rating was downgraded over its response to months of sometimes violent protests, while investors were also spooked by a deadly SARS-like virus that has been confirmed to be transmitted between humans.
With US markets closed for a holiday, traders struggled to find fresh catalysts to continue a long-running rally fuelled by the China-US trade pact, lowered Brexit tensions, central bank easing and an improving global outlook.
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