If you’re looking for the worst equity index today amid epic global upheavals, look at the Shanghai B Shares - plunged 8% in a day.
This #USD-denominated Chinese index is sensitive to currency moves & geopolitics. See how it’s closely correlated with #HSBC with Chinese roots.
45K HKers joined the rally today.
We demanded the gov to withdraw the political prosecution on SparkAlliance, an act that damaged #HK’s status as an international financial hub.
We hope the free world will sanction #HSBC and other pro-Beijing corporates like Cathay & Huawei.
We hope the US Congress can use the International Emergency Economic Power Act to sanction #HSBC who helped the autocratic #HK regime to close down the bank account of a democratic foundation. This severely harms the financial hub status of Hong Kong.