Shares in Asia are trading lower today, following Wall Street losses from before.
Hang Seng is 0.1% lower in early trading. The index closed down by 1.7% on Wednesday due to fierce clashes of protesters and riot police over a controversial extradition bill.
“You already have a significant political risk premium in Hong Kong’s stock because of the trade effects that are happening, and Hong Kong is the gateway to China, so the prospect of China has hit the last month,” said Binay Chandgothia, managing director of Principal Global Investors.
“Add to this and the possibility of something wrong to happen in the ongoing protests. Then you can see that Hong Kong shares are down, “says Chandgothia, adding that now the rating levels in the Hong Kong markets are” quite attractive. ”
Shares in China are also down, with Shanghai composite losing 0.3%, while Shenzhen composite is down 0.246%.
The Nikkei 225 is down 0.46% in red, with Apple Japan Display collapsing more than 10% after the company announces new restructuring plans and the CEO is preparing to leave. Topix declined by 1.01%
Trader Aleksandar Kumanov