Hang Seng Index drops again, worst in 10 months

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Hong Kong’s Hang Seng Index is suffering from the tensions coming from the growing US-China trade conflict and the protesters’ demonstration activities in the city.

Today, The Hang Seng Index has its lowest rate performance after ten months, dropping 3.1%. Local property developers and airline operators listed on the Hang Seng Index caused the slide as the mass protests in Hong Kong continue to take effect.

A week ago, the Hang Seng Index had a significant drop, its lowest in a week, due to the low retail sales turnout.

For the entire month of July, Hang Seng Index tumbled 9% after recovering from a slump but thwarted since the protests started.

Hong Kong stocks had a good turnout in June, gaining 6% during the trade truce.

 

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