New security law on Hong Kong spooks Asian markets
Market watchers see greater market volatility ahead, with sentiments largely dependent on the White House response
Singapore
OPTIMISM from the gradual reopening of global economies was shaken on Friday by news that the Chinese government plans to impose national security legislation on Hong Kong, sending regional markets into a tailspin.
A robust response can be expected from the United States after President Donald Trump said that his government would address the issue "very strongly" if the new security law is passed.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism