The Hong Kong problem

Fathom Consulting // Insights // The Hong Kong problem

We see the protests in Hong Kong as the biggest known unknown for global investors. Our central case is for an extended period of limbo, but there is the possibility of a potentially severe resolution. Outside of FX, these risks do not appear to be reflected in asset markets. Economic discontent has been mooted as a factor behind dissatisfaction among protesters, but the breadth of support among the population alongside the persistence of demonstrations hint at something more than anger...

The Hong Kong problem