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MSIC Hong Kong Index Worst Streak Since 1984

The MSCI Hong Kong Index pared its drop to 1.2% as of 3:06 p.m., heading for a 10th straight decline a day after a general strike led to traffic chaos, violence, tear gas and flight cancellations.

The last time Hong Kong stocks had such a long losing streak was June-July 1984, five months before the U.K. and China signed the Sino-British Joint Declaration for the handover of Hong Kong to China in 1997. A year earlier in 1983, the Hong Kong dollar had been pegged to the greenback.

Source:

Bloomberg, Jeanny Yu & Claire Che, 2019-08-06, “Hong Kong’s Stock Rout Enters 10th day, Worst Streak Since 1984”

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