CL The Hang Seng closed Monday with mainland Chinese stocks within reach of bear market territory. The crackdown notices and the forced commercial property sales landed in the same week. The number that moved was the index., CL-- CL

MB Starmer out, Burnham in, and British institutional memory by now resembles a relay where the baton changes shape between hands. In Geneva, Iran's negotiators walked out after a Trump threat, then returned, which is diplomacy or theatre and quite possibly both. The Hormuz strait was closed again by the time Hong Kong markets reopened from the holiday. They sold off anyway.-- MB