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Hong Kong flips from China’s prized relative to financial rival

Henny Sender

On Monday as Carrie Lam, Hong Kong’s embattled chief executive, appeared in public before television cameras for the first time in days in an appeal for order, the Hong Kong Stock Exchange began dropping. , how much was because of the intensifying the trade war between Beijing and Washington, and how much of the drop reflected dismay that Ms Lam had no plan B to reverse a situation on the streets that had been spinning out of control. Before this month, investors monitoring the Hong Kong Stock Exchange in isolation had little reason to fear the chaos on the streets of Hong Kong.