The move by China to get a tighter grip on Hong Kong could undermine the city’s status as a major center for trade and finance. Washington and Beijing have been trading harsh rhetoric recently on everything from Hong Kong to the response to the coronavirus outbreak. Recently, investors have favored stocks that would benefit the most from a reopening economy. Governments around the country and around the world are slowly lifting restrictions meant to corral the outbreak. That has many investors hoping the worst of the recession has already passed, or will soon.

Source: Daily Sun May 29, 2020 07:36 UTC