Asian stocks down, Cathay Pacific continues to struggle


The unrelenting Hong Kong mass protests continue to hurt the city’s economy while neighbor countries also struggled in the market today.

The Hang Seng Index was down by 1%. The Cathay Pacific Group was also down anew as it fell 4% lower after a 4.9% slide on Monday.

The Hong Kong Financial secretary had expressed his foreseen recession woes as protests continue to impede the economic activities of the city.

 The STI Index of Singapore had a 0.9% decrease. The Singaporean economy is far from its predicted economic growth with a 1.5%-2.5% growth rate.

South Korea’s Kospi dropped 0.6% and Japan’s Nikkei 225 had a 1.2% fall.

Australia’s S&P/ASX 200 and China’s Shanghai Composite Index slid by 0.3% and 0.5% respectively.

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