Independent Strategy

Democratic tensions

The victory of pro-democracy candidates in the weekend’s Hong Kong (HK) district council elections creates another problem for US/China trade negotiators. While the lack of violence was welcome, the outcome drives a further wedge between the local authorities and the Hong Kongese — not to mention the US Congress. We are correspondingly negative on HK stocks but remain neutral on the HK dollar peg.

To read the full report - Login or Subscribe


In the Media