Hang Seng Index Dropping Like a Stone

GSP

Anyone know why?

Exodi

China has been operating a very strict covid policy which continues to significantly effect manufacturing output - it's relatively common knowledge for those involved with importing.

https://www.bloomberg.com/news/articles/2022-10-31/china-stocks-in-hong-kong-set-for-lowest-since-2005-amid-rout

Nebulous2

The consolidation in power of Xi in China is seen as anti-business. They expect his crackdown on wealthy people to be extended. 

InvesterJones

The literal answer is that it's the decision of investors that they either don't want to be invested or only would invest at a lower price. The reason behind all of those individual decisions is impossible to accurately divine, but some investors do talk about their rationale and I've seen both the 'yes men' appointments and the covid situation/handling given as main reasons.

Millyonare

Several reasons...

* Loss of US and Western hi-tech access
* US tightening the sanction screw
* Loss of democracy and freedom
* Flight of HK cash to the US / UK
* Flight of foreign biz to S'pore / India / V'nam
* Inflation
* Weakened Yuan
* China domestic boom ending
* China property carnage
* GDP golden era is over
* Covid backlash
* Zero-Covid hitting China growth
* Xi taking near-total control, like Putin
* Taiwan (or nearby islands) risk