S&P: Unusual as it’s ahead of today’s important US payroll data…Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.


Hong Kong credit rating downgraded Fitch now says AA- versus AA yesterday

Interestingly their analysts blame the demonstrations. ‘’Months of persistent conflict and violence are testing the perimeters [sic] and pliability of the ‘one country, two systems’ framework that governs Hong Kong’s relationship with the mainland, underscored by mainland officials taking a more public stance on Hong Kong affairs than at any time since the 1997 handover’’. Rallies are planned for this evening and the South China Morning Post today published an advert from the Airport Authority urging protesters not to block highway access to the airport again.

Yesterday Hong Kong’s stock exchange HKEX was forced to cancel futures trading which today they blamed on a software bug; normal operations have resumed. ‘’The software issues in the vendor supplied trading system that caused the market outage yesterday have now been isolated…HKEX will update the market again once a full and detailed analysis of the incident and the vendor software issue has been completed’’.

Financial Markets and Political Commentary


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