Dow Jones taking another hit today, down as much as 170 points. News out of Hong Kong about pro democracy protests are making many investors nervous. Police in Hong Kong are cracking down on protesters, using tear gas and pepper spray. Police calling the protests “illegal” and threatening the use of greater force.
Investors are nervous over fears that China will limit reforms in Hong Kong, the epicenter of the asian financial markets. China took control of Hong Kong in 1997 after a 99 year lease of the territory expired. In 1898 China signed The Convention for the Extension of Hong Kong Territory that gave the UK control of the island. Hong Kong has a population of nearly 1.3 million people.
