Stock markets for global equity appeared to fall on Monday as Wall Street found itself affected by Hong Kong's destructive police baton charges and violent tear gas exchanges with pro-democracy protesters.

Stocks in Europe and Asia are crawling down as China finds itself encountering the largest political challenge since the last known crackdown in Tiananmen Square over 20 years ago.

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Companies in Hong Kong fell along with Richemont and HSBC. Stocks for Richemont, the luxury good group, and dropped 1.7 percent while HSBC falling to 2.3 percent. In addition, emerging markets also went down with 1.45 percent dragging Brazillian shares down to a six-year low.

Wall Street reported that the losses were initially expansive affecting 10 sectors of the S&P500, shrugging off the latest report indicating the US economy becoming stronger as ever. The utilities then rebounded where stocks had enormous losses.

The chief market strategist, Donald Selkin, of National Securities which is housed in New York, claims that the market trade for US stocks was overdone and intensified the mere absence of consequential news to the market. He also added that that the main issue is that there were no motivations until the beginning of the next week's third quarter. The data reports on Friday will then become a breakthrough for investors.

The CBOE Index rose above 17 and is considered to be close to the points gained back in April and the first weeks of August. The VIX then closed at 15.98 at 7.61 percent. The Dow Jones industrial closed down at 17,071.22 with 0.25 percent at 41.93 points. S&P500 went down to 1,9898.8 also with 0.25 percent at 5.05 points and finally Nasdaq got 4,505.85 shedding 0.14 percent at 6.34 points.

The dollar on the other hand erased gains previously gained against the yen due to the protests in Hong Kong. It is said that they might wholly affect the local economy.

Accordingly to US economic data, the prices for crude oil increased, causing Brent to edge up after reported with almost two-year low last week. Delivery prices for November are then expected to settle at 20 cents at a rate of $97.20 per barrel for LCOC1 whereas CLC1 went up to $1.03 settling at $94.57 per barrel.

As Hong Kong protests continue to gain ground, the Chinese government and other parts of Asia will find their economies drastically affected. Due to this, China has displayed in invested interest in maintaining balance in the autonomous region. 

TagsAsian stocks, Hong Kong's Protest, economic data, local economy, Hong Kong, protests