HSBC cuts Hong Kong stocks outlook, citing protests | Bangkok Post: news

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HSBC cuts Hong Kong stocks outlook, citing protests

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HSBC downgraded its investment outlook on Hong Kong, citing fears over a pro-democracy movement in the city but the banking giant later altered its report, severely toning down the emphasis on public unrest.  

Demonstrators gather before a pro-democracy rally seeking greater democracy in Hong Kong on July 1, 2014

Discontent in Hong Kong is at its highest level in years, with tens of thousands of people taking to the streets last week demonstrating against Beijing's insistence that it vet candidates before a vote in 2017 for the southern Chinese city's next leader.

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