Hong Kong (CNN Business)Hong Kong’s Hang Seng Index (HSI) ended up 1.4% Monday, the biggest daily gain in two weeks, continuing a slight rebound after last week’s losses.
Although the index closed higher Friday, it slid nearly 4.8% overall last week. That was the Hang Seng’s biggest weekly drop since August. The city has been rattled by violent protests that escalated in recent days.
The local economy has also been hit. The Hong Kong government warned Friday that mass protests could cause the economy to shrink by 1.3% this year, which would mark the first annual recession since 2009.
