Ben Kwong, chief operating officer at Hong Kong-based KGI Asia Ltd., comments on China’s decision to cut interest rates for the first time since 2008.
Hong Kong stocks fell for a second day before the U.S. Federal Open Market Committee’s announces whether it will pare record stimulus. Tencent Holdings Ltd. drove the benchmark index lower, while city developers climbed.
"The global economic outlook is not encouraging."
- Ben Kwong on Oct 12, 2014