Heated Hong Kong protests dent stocks, spike cash demand

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Heated Hong Kong protests dent stocks, spike cash demandHong Kong's financial markets came under pressure on Wednesday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration against legislation that would allow citizens to be extradited to China. Some businesses shut and workers walked out on strike, a rarity in Hong Kong, to support the protest. The benchmark Hang Seng Index closed 1.7% lower, having lost as much as 2% in afternoon, while Chinese companies in Hong Kong ended down 1.2%.

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