Global collapse: what threatens the Hong Kong world

In the title above, Rustam Falahuf wrote in Gazeta Row about the risk that the collapse of the Asian stock markets, caused by unrest in Hong Kong, could cause a global crisis.

Another economic crisis could be launched from Asia. The collapse of the Hong Kong Stock Exchange on Monday could affect the economies of Hong Kong and China and move from there to Europe. When Asian Tigers become defensive assets, they do not notice panic, although they can start at any time.

Experts warn that any collapse of the markets carries risks for the global economy. Katia Frenkel, Head of Analysis at Fin East, describes a possible scenario for the crisis: "The stock market crash is still accompanied by widespread panic in neighboring markets, constituting an economic contagion. Investors can hold assets in many countries. "Markets, when at risk, move them to safe areas, hence the general decline of stock markets."

In the world, there are now many problems, and we do not know which of them will explode, experts say. Great Britain and Europe are in a phase of "secession", the United States and China do not agree on fees; in Europe, the economic data are regrettable; in the United States, the president does not find a common language with the Federal Reserve; Possible

Ivan Kapostiansky, one of the leading analysts of Forex Optimum, recalls that Asia was once a major disruption of the global economy. The crisis in Southeast Asia in 1997-1998.

He sees the potential for turmoil in Hong Kong to trigger the collapse of the global economy if it spreads deep in mainland China. This entails a risk of flight from capital and business.

"At the same time, there are countries in Asia that do not hesitate to protect both Western companies and banks in their territory," he said.

The article only expresses the opinion of the newspaper

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