Business · Markets · 10 hrs ago
Mass protests coincided with sharp stock market declines in Egypt, Hong Kong and Greece
Mass protests coincided with steep stock market declines in Egypt, Hong Kong and Greece between 2010 and 2019.
In Egypt, protests during the Arab Spring, a wave of pro-democracy uprisings, coincided with a 10.5% fall in the main stock index on January 27, 2011.
The market was also suspended for two months during the unrest.
In Hong Kong, protests in 2019 began after a proposed bill would have allowed extradition of residents to mainland China.
The Hang Seng index fell nearly 12% between July 2 and August 14, while more than $600 billion in market value was erased between July and August.
In Greece, protests against spending cuts and tax increases during the government-debt crisis coincided with a roughly 17% fall in the ATHEX Composite in May 2010.
These examples show that political unrest can occur alongside major market movements, though they do not establish that protests alone caused the declines.
Mass protests in Egypt, Hong Kong and Greece coincided with sharp declines in their stock markets.
Egypt’s benchmark index fell 10.5% on January 27, 2011, during unrest linked to the Arab Spring.
Hong Kong’s Hang Seng index dropped nearly 12% between July 2 and August 14, 2019, amid protests over an extradition bill.
Greece’s ATHEX Composite fell nearly 17.18% between May 4 and May 17, 2010, during anti-austerity protests.
The article describes these market movements as coinciding with protests, not as proof that protests alone caused them.
- Who
- Protesters in Egypt, Hong Kong and Greece, and investors in those countries’ stock markets.
- What
- Mass protests coincided with sharp declines in the countries’ benchmark stock indexes.
- When
- Between 2010 and 2019, including Greece in May 2010, Egypt in January 2011 and Hong Kong in 2019.
- Where
- Egypt, Hong Kong and Greece.
- Why
- The protests concerned pro-democracy uprisings, a proposed extradition bill and austerity measures, respectively.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Greece’s ATHEX Composite fell nearly 17.18% during the first wave of anti-austerity protests.
Egypt’s benchmark index closed down 10.5% amid unrest linked to the Arab Spring.
Hong Kong’s Hang Seng index fell nearly 12% as protests over a proposed extradition bill took place.
Hong Kong’s proposed extradition bill was withdrawn.
- Egypt index decline
- 10.5% on January 27, 2011
- Hong Kong index decline
- Nearly 12% between July 2 and August 14, 2019
- Hong Kong market value erased
- More than $600 billion between July and August 2019
- Greece index decline
- Nearly 17.18% between May 4 and May 17, 2010
- Greece protest waves
- First began in May 2010; second began in May 2011 and continued until 2014
Sources
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