Tuesday, September 30, 2014

Hang Seng Index Went Down Amid Hong Kong protests

Hang Seng Index, business, finance, stocks

The Hang Seng index went down 1.3%, after the 1.9% decline on Monday. The total accumulated loss in September is now to more than 7%. There are fears that the ongoing pro-democracy protests in Hong Kong spread to China that may disrupt business and trading.

The ongoing political problems in Hong Kong and wariness over the potential extent of monetary policy divergence in the United States and Europe are making markets nervous and trading is cautious as the third quarter nears to a close. The FTSE Eurofirst 300 struggled to have gains and US index futures are flat. Eurozone inflation had fallen to 0.3% in September which is its weakest in five years.

Europe inflation went down to a 5-year low that raised expectations of more stimulus from the European Central Bank ECB as a result the Euro went down and stocks gain.

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