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John Wang
in
Stocks
May 27 21:43

Global market growth cut short by Hong Kong tensions

Clashes put a lid on the rally.
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Global rally on stock and oil markets has been hindered by anxiety over the situation in Hong Kong. The clashes between the police and the rioters in the city became more violent
MSCI’s index for the Asia-Pacific region tumbled 0.4%. Stocks in China and Hong Kong led the fall.
Hang Seng dropped 1.0%, CSI 300 lost 0.8%. Investors are afraid that the situation in the city might impact the already sour US-China relations. 
MSCI’s world index remained flat. It is still near its highest position in the last two months and a half.  
Oil prices went down, giving up some of earlier gains. Brent crude lost 1.5% and stood at US$35.62. WTI crude lost 1.6% and stood at US$33.79.