OREANDA-NEWS Another economic crisis could come from Asia. Hong Kong protests are not a local story, experts say. The next collapse on the Hong Kong stock exchange, which happened on Monday, could undermine the economy of both the metropolis and China, and from there spread to Europe. "Asian tigers" are transferred to defensive assets, there is no panic yet, but it can begin at any time. 

The Hang Seng index collapsed on Monday by 857 points (3.27%), to 25322. This is the largest decline at the opening of trading in Hong Kong in the past few months. In fact, the economy returned in 1997, when Hong Kong, as a former British colony, was transferred to China. 

All local "blue chips" traded on the stock exchanges of this metropolis sank. Most companies are little known to Russian consumers of goods, nevertheless they are technological giants of the Asian and even American markets, their shares are in demand among investors around the world. 

The securities of AAC Technologies, a supplier of components for Apple, fell on Vonday by 6.36%. The position of Sunny Optical Technology, China's largest developer of optics for many brands in the field of IT technologies, including for manufacturers of smartphones and computers, deteriorated by 7.38%.