domestic " n w 7 at the same time the domestic spender wasn‘t really and . , —- more if the have korea, lgrinancial and even the once vibrant financial sector has been plagued with layoffs and dwindling stock—market turnover. it isa and dwindling stock—market turnover. it is a very interesting situation from a stock market perspective. we are seeing a revival in sentiment in certain shares, coming from the southbound trade programme, that means mainland money coming through. but don‘t underestimate the odd venereal spirit of hong kong. you will always bounce back! yes. what about global protectionism? at the biggest fear of investors in 2017 and going forward during this term of president donald trump. how much would hong kong suffer if a trade war between america and china?m suffer because don‘t forget hong m mm 25,5; ”if“; a; w,— 5.7 7.” 7 55,5; ”if“; 5.555 55,5 5.5 5.55 7 it 55,5 52.9545 5.555 55,7 7 77 7 it isa 55,5 52.9545 5.555 55,7 7 77 7 it is a real risk for products. it is a real risk for market as global trade, the environment is a —— so growth was 555551’ " has ' "w ' v555 cut 5

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