People stand on Pedder Street during a protest in the Central district of Hong Kong on November 14. For the time being, Hong Kong’s current crisis is viewed by investors as an idiosyncratic event. Photo: Bloomberg People stand on Pedder Street during a protest in the Central district of Hong Kong on November 14. For the time being, Hong Kong’s current crisis is viewed by investors as an idiosyncratic event. Photo: Bloomberg
People stand on Pedder Street during a protest in the Central district of Hong Kong on November 14. For the time being, Hong Kong’s current crisis is viewed by investors as an idiosyncratic event. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Hong Kong is a test case of how much political risk investors can stomach

  • Even as the unrest persists and the violence escalates, markets do not believe the crisis will have systemic impact. But that may change if the protests become linked to the trade war, despite Donald Trump’s hopes for a limited trade deal

People stand on Pedder Street during a protest in the Central district of Hong Kong on November 14. For the time being, Hong Kong’s current crisis is viewed by investors as an idiosyncratic event. Photo: Bloomberg People stand on Pedder Street during a protest in the Central district of Hong Kong on November 14. For the time being, Hong Kong’s current crisis is viewed by investors as an idiosyncratic event. Photo: Bloomberg
People stand on Pedder Street during a protest in the Central district of Hong Kong on November 14. For the time being, Hong Kong’s current crisis is viewed by investors as an idiosyncratic event. Photo: Bloomberg
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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.