INSIDER

Protests, trade war wipe $50 billion off Hong Kong real estate stocks
Read full article: Protests, trade war wipe $50 billion off Hong Kong real estate stocksStranded passengers sit near check-in counters as all flights have been canceled after protesters occupied the Hong Kong International Airport during a demonstration on Aug. 13, 2019, in Hong Kong. About 446 billion Hong Kong dollars ($56.9 billion) has been wiped off the market value of the nine largest Hong Kong real estate companies since April, according to data from Refinitiv. Some of Hong Kong's biggest real estate tycoons called Tuesday for the protests to end. A weakening yuan could also crimp the buying power of mainland Chinese, who are the major buyers of Hong Kong properties. The company predicted prices for mass housing in Hong Kong to drop 5% in the second half of 2019.