Hong Kong’s civil unrest only gets worse, university campus entrance set ablaze after all night stand-off

Dhwani Mehta FXStreet

Despite a start to a fresh week, the reports of the ongoing Hong Kong civil unrest fail to die down, with the violence escalated, in fact on Monday, as the defiant protestors say that they will never give up.

Key Details (via Reuters):

“Hong Kong police on Monday trapped hundreds of protesters inside a major university, sealing off roads in the area after almost two straight days of standoffs that have raised fears of a bloody showdown with both sides refusing to back down.

Police threatened to fire live bullets if "rioters" did not stop using lethal weapons in the latest flare-up in anti-government protests that have convulsed the Chinese-ruled city for five months.

The protesters numbering about 200 people have assembled an arsenal of petrol bombs and bows and arrows to resist.

Protesters have set fires on bridges leading to Hong Kong Polytechnic University as they try to keep police from advancing on their campus stronghold.

In Monday's statement, police warned people whom they described as rioters to stop using lethal weapons to attack officers and to halt other acts of violence, saying officers would respond with force and possibly live bullets if necessary.”

The market mood appears tepid so far, as markets digest the mixed news amid US-China trade optimism, escalating Hong Kong protests and positive UK political updates. USD/JPY trades flat around 108.75, as markets await the Tokyo open for fresh trading impulse.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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