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Katherine Ross: The protests in Hong Kong have been dominating headlines and causing a great deal of investor anxiety. Matt Miskin, co- Chief Investment Strategist at John Hancock investment management. If there's not a resolution soon, what does this mean for the markets?

Matt Miskin: Well, China's right now reaching a perfect storm, so they have a lot to deal with. They have the trade deal and the trade wars that are going on and now they have domestic policy issues that they have to deal with Hong Kong. What we believe is underappreciated is how important China is, one to global equities and two to the global economy. So in terms of equities, be careful of the emerging markets. China makes up about a third of the emerging market equity indices. So that's a huge component. And then for global growth, it's huge component. So they are the number one contributor to global growth and from an economic standpoint. Cyclicality is something you should be careful of. So sectors that are highly cyclical in nature can see weakness as China slows and the emerging markets, because you're going to get pinpoint exposure to China using that. You may want to think about decreasing that. And we actually decreased emerging market equities at the end of last quarter as we saw slowing growth start to develop into the back half of this year.

Katherine Ross: Could the process in Hong Kong impact US-China trade talks?

Matt Miskin: Yes, absolutely. But the thing is, it could impact of more negatively than positively. And the reason why we think that is because the president there needs to actually show a hard stance, as it relates to almost all policies that they're dealing with. So if they show weakness right now as it relates to the United States and trade deals, then that could mean that domestically they would have more issues developed. So to us it means that they still have to kind of have this hard line stance as it relates to trade. And that doesn't exactly mean that there's a clear path out of this right now. If you did a cost benefit analysis, there's a lot more costs tallying up relative to the benefits and the markets are volatile as a result.

How could the protests in Hong Kong impact the U.S.-China trade war?

Matt Miskin, co-chief investment strategist at John Hancock Investment Management, sat down with TheStreet to discuss the potential impact of the protests on the trade talks and what the protests mean for China.

"Well, China's right now reaching a perfect storm, so they have a lot to deal with. They have the trade deal and the trade wars that are going on and now they have domestic policy issues that they have to deal with Hong Kong. What we believe is underappreciated is how important China is, one to global equities and two to the global economy. So in terms of equities, be careful of the emerging markets. China makes up about a third of the emerging market equity indices," said Miskin. "So that's a huge component. And then for global growth, it's a huge component. So they are the number one contributor to global growth and from an economic standpoint. Cyclicality is something you should be careful of. So sectors that are highly cyclical in nature can see weakness as China slows and the emerging markets because you're going to get pinpoint exposure to China using that. You may want to think about decreasing that. And we actually decreased emerging market equities at the end of last quarter as we saw slowing growth start to develop into the back half of this year."

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