While speaking to Bloomberg, Kim Eng Tan, Senior Director of sovereign ratings at the ratings firm, S&P Global Ratings, Hong Kong's unique access to mainland China will keep the city as an Asian financial hub and its credit rating intact despite ongoing protests.
Additional Quotes:
“Hong Kong has "much better access" to China's mainland market compared to any other country and this advantage will not go away in the wake of the protests.”
“Don’t expect many of the demands of the protesters to be met by the Hong Kong government given that any change would be subject to approval by China.”
The news have a negligible impact on the market sentiment, as most majors stick to thin trading ranges amid a lack of clarity on the US-China trade front and ahead of key global manufacturing PMI reports.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD stays defensive below 0.6300 amid trade war fears
AUD/USD stays defensive below 0.6300 in Asian trading on Tuesday. Persistent risk-off mood amid geopolitcal and global trade war fears act as a headwind for the Aussie, offsetting broad US Dollar weakness-led by US economic growth concerns and dovish Fed expectations. US-Ukraine Summit eyed.
USD/JPY rebounds to 147.00 even as risk aversion persists
USD/JPY is off a five-month low, bouncing back to near 147.00 after the downward revision to the Japanese Q4 GDP print. However, the risk-off mood continues to underpin the safe-haven Japanese Yen, keeping the bearish pressure intact on the pair amid weaker US Dollar.
Gold price sticks to modest intraday gains amid weaker risk tone; remains below $2,900
Gold price rebounds from a one-week low and draws support from a combination of factors. Global trade war fears and geopolitical risks continue to underpin the safe-haven commodity. Fed rate cut bets keep the USD depressed and further benefit the non-yielding XAU/USD pair.
The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million
The crypto market continued its ongoing downleg as the week started, as its market cap capitalization reached a low of $2.44 trillion on Tuesday, levels not seen since early November.
Gold price sticks to modest intraday gains amid weaker risk tone; remains below $2,900
Gold price rebounds from a one-week low and draws support from a combination of factors. Global trade war fears and geopolitical risks continue to underpin the safe-haven commodity. Fed rate cut bets keep the USD depressed and further benefit the non-yielding XAU/USD pair.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.