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Hong Kong, Ukraine bring unease to the markets – Danske Bank

FXStreet (Edinburgh) - In the opinion of Kasper Kirkegaard, Chief Analyst at Danske Bank, the situation in both Ukraine and Hong Kong started to undermine the sentiment.

Key Quotes

“In Hong Kong, demonstrations are expected to continue tonight, which has been the routine for two days now – with the crowd diminishing during the day to return in full force in the evening and stay during the night”.

“Asian equity markets were lower overnight, again led by the Hang Seng Index, as the negative sentiment carried over from the US session and as the final HSBC China manufacturing PMI disappointed by being revised lower to 50.2 from 50.5”.

“As a result of the sell-off, the price gap between dual-listed shares in Hong Kong and Shanghai has been eliminated”.

“While focus is on Hong Kong, the situation in Ukraine appears to be worsening again with Ukraine suffering the highest number of casualties since the 5 September”.

“According to the Ukraine military nine servicemen have been killed in the last 24 hours”.

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