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Protests Pummel Hong Kong Data

FYI: Through most of the second half of the year, a series of mass protests in opposition to Chinese extradition legislation has been consuming Hong Kong. While smaller-scale protests have been taking place since the early spring, things really began to ramp up in June when hundreds of thousands took to the streets. In the more than three months that have passed since then, some of the effects are beginning to be seen in the country's economic data that we track in our Global Macro Dashboard. Markets were the quickest to respond as the country's Hang Seng Index has fallen roughly 5% since the start of June. The HSI is now in a defined downtrend over the past couple of years and recently has been making its way towards support at last year's lows.
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