Main chamber at the Legislative Council building after it was damaged by demonstrators during a protest. Photo: Anthony Kwan/Getty Images

Protests against a proposed Chinese extradition bill in Hong Kong have continued as groups of protesters occupied and ransacked the city's legislative chamber Monday and were met with tear gas. The city's leader, Carrie Lam, condemned the "extreme violence and vandalism."

Why it matters to the market: The growing unrest could dampen the territory's prominent financial market, which saw a major boom in the first half of the year.

  • Nearly 70 firms went public on the Hong Kong stock exchange, according to financial consultancy KPMG, a 40% increase from the same period last year. It was the highest number of new public companies during the first half of the year since 2014.

Millions of residents have taken to the streets and the protests are already impacting business decisions. Real estate developer ESR Caymen canceled its $1.24 bullion listing in June because of the turmoil, according to Japan's Nikkei Asian Review.

The bottom line: Analysts say the financial market has yet to suffer any serious consequences, but if protests lead to regulatory changes, "then that's a whole other story," Yuguchi Yutaka, partner in the KPMG Asia listing advisory group, told Nikkei.

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If you want to understand the rhetorical roots of Trump's Independence Day speech at Mount Rushmore, go back and watch Tucker Carlson's monologues for the past six weeks.

Between the lines: Trump — or rather his speechwriter Stephen Miller — framed the president's opposition to the Black Lives Matter protest movement using the same imagery Carlson has been laying out night after night on Fox.

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Bolton's hidden aftershocks

Photo illustration: Sarah Grillo/Axios. Photo: Justin Sullivan/Getty Images

The news media has largely moved on, but foreign government officials remain fixated on John Bolton's memoir, "The Room Where It Happened."

Why it matters: Bolton's detailed inside-the-Oval revelations have raised the blood pressure of allies who were already stressed about President Trump's unreliability.