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John Authers

Markets Are Again Proving Immune to Violence

Stocks have a history of rallying after riots, from the U.S. in 1968 to London in 2011.

The direction is up.

The direction is up.

Photographer: JOHN AMIS/AFP/Getty Images

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June starts amid conflict. China’s assertion of authority over Hong Kong has prompted commentary in the U.S. likening the moment to Hitler’s annexation of the Rhineland or the Sudetenland. The situation is ugly and the ramifications of a further breakdown in the relations between the world’s two biggest economic powers would, as has been widely discussed, be profound.