People walk past a stock board in Hong Kong. The 6 per cent rise in the Hang Seng Index last month has got to be one of the most remarkable recoveries this year. But the index is tightly linked to the US and Chinese economies, where uncertainties loom. Photo: AP People walk past a stock board in Hong Kong. The 6 per cent rise in the Hang Seng Index last month has got to be one of the most remarkable recoveries this year. But the index is tightly linked to the US and Chinese economies, where uncertainties loom. Photo: AP
People walk past a stock board in Hong Kong. The 6 per cent rise in the Hang Seng Index last month has got to be one of the most remarkable recoveries this year. But the index is tightly linked to the US and Chinese economies, where uncertainties loom. Photo: AP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Don’t read too much into the Hang Seng Index’s remarkable November comeback

  • Nicholas Spiro says Hong Kong’s benchmark index has made a dramatic recovery, ahead of a cooling-off period in the trade war. But uncertainties loom in both the US and Chinese economies, to which the index is tightly linked

People walk past a stock board in Hong Kong. The 6 per cent rise in the Hang Seng Index last month has got to be one of the most remarkable recoveries this year. But the index is tightly linked to the US and Chinese economies, where uncertainties loom. Photo: AP People walk past a stock board in Hong Kong. The 6 per cent rise in the Hang Seng Index last month has got to be one of the most remarkable recoveries this year. But the index is tightly linked to the US and Chinese economies, where uncertainties loom. Photo: AP
People walk past a stock board in Hong Kong. The 6 per cent rise in the Hang Seng Index last month has got to be one of the most remarkable recoveries this year. But the index is tightly linked to the US and Chinese economies, where uncertainties loom. Photo: AP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.