Just like a wakeup call, developments around the world reminded investors, already skittish due to the trade war, that there are a few other dangers to markets than the U.S.-China conundrum.
In Hong Kong, the ticking time bomb from civil unrest got a little closer to the end of the countdown, as authorities cracked down on protesters. From Argentina, a major south America economy, the presidential election draw fears from investors, worried that the country might default on its debt, sending the peso down 15%. Once more this holiday season, safe havens are the prized assets to look for. From 0.5% gain of Yen to the U.S. and European debt, the message is clear: for now, the risk is off. But it doesn’t necessarily mean a full correction is on the way.
Photo by Lai Man Nung.
