Equity traders cheering the prospect of a restoration of stability in Hong Kong keep getting disappointed.
Stocks slipped Tuesday as the city’s leader Carrie Lam offered no new concessions in her first public comments since Sunday’s vote. It follows Monday’s 1.5% gain in the Hang Seng Index, partly triggered by a landslide election victory for pro-democracy forces.
Some analysts were predicting that the results would force the government to address the issues that have fueled the unrest.
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