PRO-DEMOCRACY PROTESTS SHAKE HONG KONG (DOW F -85 / DAX F -50) THE PROTESTS SHOWED SIGNS OF AFFECTING HONG KONGS FINANCIAL INDUSTRY AS BANKS CLOSED BRANCHES IN THE AFFECTED AREAS THE ESCALATION OF THE PROTESTS—CENTERED ON BEIJINGS DECISION TO IMPOSE LIMITS ON HOW HONG KONG ELECTS ITS LEADER—THREATENS TO STRAIN RELATIONS WITH BEIJING WHICH CONTROLS HONG KONG UNDER AN ARRANGEMENT CALLED ONE COUNTRY, TWO SYSTEMS. BEIJING HAS TAKEN A HARD LINE OVER THE BREWING DISPUTE OVER DEMOCRACY IN HONG KONG, ISSUING WARNINGS TO PROTEST ORGANIZERS AND PUSHING BUSINESS LEADERS TO SUPPORT ITS STANCE, ALLOWING UNIVERSAL SUFFRAGE BUT ONLY ALLOWING PEOPLE TO VOTE FOR PREAPPROVED CANDIDATES.
Posted on: Mon, 29 Sep 2014 07:45:38 +0000
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