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The Paris Stock Exchange goes into the red, the situation in Hong Kong weighs (-0.52%)

2019-08-12T12:43:28.719Z

The Paris Stock Exchange goes into the red, the situation in Hong Kong weighs (-0.52%)



Paris (AFP)

The Paris Bourse moved into the red Monday at mid-day (-0.52%), after an opening up, in a climate of nervousness fueled by uncertainties about the political situation in Italy, Hong Kong and the war Sino-US commercial.

At 13:45 (11:45 GMT), the CAC 40 index lost 27.89 points to 5,300.03 points, in a trade volume of 575 million euros. Friday he had lost 1.11%.

The Parisian coast had a positive start but went into the red without being able to recover.

For its part, Wall Street was preparing to open down. The Dow Jones Industrial Average index futures contract fell 0.68%, as did the broad-based S & P 500 Index and the high-tech Nasdaq, down 0.74%.

The equity market "has gone into negative territory as the situation in Hong Kong worsens," commented Neil Wilson, an analyst at Markets.com.

Since June, the former British colony is the scene of almost daily demonstrations against Beijing. The protesters demand the resignation of Carrie Lam, the head of the pro-Beijing local government, the election of a successor by direct universal suffrage, and not his appointment by Beijing, as is currently the rule.

They also demand an investigation into the violence they accuse the police and the permanent abandonment of a controversial bill that would allow extraditions to the Continent.

On Monday, Hong Kong airport made the rare decision to cancel all its flights after thousands of protesters invaded its arrivals hall, which had the effect of "depressing the markets, after a positive opening in Europe, "said the analyst.

Another worry, Italy, which begins Monday a decisive week for the future of the government of Giuseppe Conte, in agony since the leader of the League (far right) Matteo Salvini has decreed his death Thursday.

To these major subjects is added the commercial war, which has intensified in recent days. Donald Trump warned that the United States was "not ready" to conclude a trade agreement with China, even suggesting a possible cancellation of the round of talks scheduled for September in Washington.

© 2019 AFP

Source: france24

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