Delegates of China ‘s NPC voted through a draft decision that paves the way for anti-sedition laws to be enacted in Hong Kong. This morning (Asia Close), EM markets under-performed however the moves were on the small side as this legislation had been expected to pass for a while now.The law will effectively make any sort of Hong Kong protest aimed at the Chinese government a criminal offence. To make matters worse for Hong Kong, US Secretary of State Mike Pompeo told Congress that Hong Kong is ‘no longer autonomous’ which may lead to their special trade agreements will be revisted.

What does this mean for Hong Kong as it imports EVERYTHING?! Discuss…

Get our Emerging Markets updates for free every morning!

Leave a Reply

Your email address will not be published.

8 + seven =