DIS - How the Hong Kong Protests Could Affect Your Portfolio
Protests against the government have rocked Hong Kong since June, and violence in the streets has affected life there and beyond. As airlines canceled flights and demonstrations paralyzed shopping districts, it was clear that businesses would not be spared. Today, earnings reports from a wide variety of international companies are starting to show the battle scars.
First of all, a quick summary of exactly what is happening in this territory controlled by China. Protests began as a way to oppose a bill that would have allowed the extradition of people in Hong Kong who are wanted for crimes in mainland China. The bill was eventually dropped, but the movement continued, transforming into a call for greater democracy.
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