Hong Kong Protest March Seen as Test of Views Toward Beijing

Thousands of people will take to the streets in Hong Kong Friday for an annual protest march that has been a closely watched barometer of how the city’s seven million people feel about Beijing and their local government.

Many Hong Kong residents are unhappy both with the territory’s chief executive, CY Leung, and with the central government in Beijing, to which he is perceived as beholden. The size of the march will be seen as a marker of public sentiment. The most recent public opinion survey indicates the chief executive’s approval rating at 19 percent, with 62 percent disapproving.

Organizers are giving the march a twin theme: Prevent CY Leung from getting a second term of office, and demonstrate anger over the erosion of Hong Kong’s autonomy. The latter has been highlighted by the case of five local booksellers who were taken into custody by mainland authorities and held inside China for months.

Lam Wing-kee, a bookseller who has managed to returned to Hong Kong, described his seven months in virtual solitary confinement and interrogation as “mental torture.”

Lam will lead Friday’s protest march, flanked by Ching Cheong, a journalist for Singapore’s Straits Times who spent three years in a mainland prison, and by Lau San-ching, a pro-democracy dissident who spent 10 years in jail in China after bringing books and clothing to the mainland in 1981.

Source: voanews

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U.S. stocks slightly higher, extend post-Brexit rebound for 3rd session

U.S. stocks were slightly higher Thursday, extending for a third session the rebound from a sharp two-day selloff triggered last week by the U.K.’s vote to leave the European Union.

The S&P 500 was up 2 points, or 0.1%, at 2,073. The Dow Jones Industrial Average added 37 points, or 0.2%, to 17,729. The Nasdaq Composite started the session up 6 points, or 0.1% at 4.785.

The main indexes looked set to book monthly losses but were modestly higher over the quarter and on Wednesday turned positive on a year-to-date basis.

Source: Marketwatch

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Sumber : bpfnews.com

European Stocks Decline as Investors Assess Gains, Await Action

European shares retreated as investors assessed gains after a two-day rally that helped the region’s equity benchmark recover about half of its post-Brexit losses.

The Stoxx Europe 600 Index slipped 0.9 percent to 323.66 at 8:17 a.m. in London. Miners and energy producers pushed shares up yesterday, after Friday’s shock vote for British secession sent the gauge to its worst two-day rout since 2008. The FTSE 100 fell 0.6 percent after late yesterday erasing its post-Brexit losses and returning to its highest level since April.

Investors will continue to look today for any indications of the next steps from the U.K. and EU on the path to separation, with policy action that could help reassure markets also in focus. Bank of England Governor Mark Carney addresses members of the press and finance industry in London in a bid to assuage post-Brexit concerns.

European shares have had a wild ride in the run-up to and in the aftermath of the Brexit vote. After rising as much as 8.1 percent from a three-month low on June 14 through the day of the referendum, the Stoxx 600 tumbled 11 percent in the next two days. Even after a subsequent two-day rally, the gauge is still heading for a 6.9 percent decline in June, its worst monthly drop since August.

Source: Bloomberg

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Sumber : bpfnews.com

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