Champagne And Prozac For Hong Kong's New Year
Hong Kong's stock market will have a lot to digest when it reopens on Feb. 3, after the observance of the Chinese Lunar New Year. Consider the worry list: rising interest rates, falling property prices, souring Sino-American trade relations, prospects for slower growth in China, and uncertainty surrounding Deng Xiao-ping's failing health. It's little wonder that the Hang Seng stock index, already in a yearlong decline, has plunged 23% since Nov. 16.
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