The Job of a Hong Kong Stock Analyst Has Rarely Been This Tough
- Shares more than twice as volatile as when protests began
- Lam offers no new concessions in response to election results
The Exchange Square complex, Hong Kong.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Equity traders cheering the prospect of a restoration of stability in Hong Kong keep getting disappointed.
Stocks fell 0.3% on Tuesday as the city’s leader Carrie Lam offered no new concessions in her first public comments since Sunday’s vote. It follows Monday’s 1.5% gain in the Hang Seng Index, partly triggered by a landslide election victory for pro-democracy forces. Some analysts were predicting the results would force the government to address issues that have fueled the unrest.