2. HK electoral reform bill vote: On Wednesday 17 June, the Legislative Council of Hong Kong will vote on the electoral reform bill. The debate and voting process is likely to drag on until next Thursday or even Friday before the result comes out and the chance of passing the bill does not seem high at the moment, as suggested by recent comments from top HK officials. We think this event may continue to weigh on investor sentiment and heighten market volatility, especially if the bill is rejected next week. 

Eoin Treacy's view

Here is a link to the full report.

The Hong Kong protests and nascent democracy movement represent uncertainties for foreign investors not least because there is no chance of a successful change of political system. On the plus side, demands for additional freedom have moved from the street to behind closed doors and the one country two systems status quo has been reaffirmed. 

The H-Shares Index bounced today from Wednesday’s low to push back up into the short-term range which continues to look like a consolidation and possible first step above the three-year congestion area.