People walk past a display showing the Hang Seng Index in Hong Kong on September 4. Markets’ reaction to Fitch’s downgrade of Hong Kong’s credit rating was muted. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Markets remain confident about Hong Kong’s future, even though poor leadership is undermining it

  • Despite the unrest and Fitch’s downgrade, markets do not believe Hong Kong’s special status as a financial centre is in danger. Rather, it is Hong Kong’s own government that has done more to sow uncertainty about the city’s stability

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People walk past a display showing the Hang Seng Index in Hong Kong on September 4. Markets’ reaction to Fitch’s downgrade of Hong Kong’s credit rating was muted. Photo: EPA-EFE
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