'Umbrella revolution' drives 33% spike in Hong Kong vol
Volatility spikes five points after pro-democracy protestors brought central Hong Kong to a standstill
Volatility has spiked on Hong Kong's equity markets following a week of pro-democracy demonstrations, referred to locally as the umbrella revolution, but dealers say the long-term impact is set to be limited.
During a holiday-shortened week in which around 70,000 people took to the streets to demand true universal suffrage rather than choosing from a list of Beijing-preapproved candidates, the benchmark Hang Seng Index (HSI) fell more than 4% while the V-HSI, the measure of Hong Kong's equity
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