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Market View

Market Recap – Hong Kong

Monday, November 25, 2019 10:18 AM GMT

Second week in a row with no significant event scheduled in the calendar. Hong Kong, Ukraine-Russia relations, impeachment developments, US-China negotiations will continue to be in the spotlight.

Yesterday’s district elections in Hong Kong was a major defeat for pro-China candidates that secured less than 10% of the district council seats. The participation has been doubled since the last elections and stood at 71%. It may be true that these elections only control 117 votes in a 1200 member committee that chooses Hong Kong’s Chief executive, but the picture has dramatically and officially changed. Pro-democracy party won 388 seats from 100 seats in 2015.

Macro releases: Other than the German Ifo Business Climate, today’s economic calendar does not include any significant reading.

Disclaimer

The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

The Photo has been taken from the New York Times.

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