The Hang Seng Index dropped the most in almost five years as Beijing is set to vote on a security law to tighten the grip of Hong Kong. (Photo by Anthony Kwan/Getty Images) Getty Images

Holy moly! The stock market is down 5.5% in Friday trading.

No, it isn’t the U.S. market. It’s Hong Kong’s Hang Seng Index. Stocks there are plummeting on news the Chinese central government will pass new security laws limiting personal freedoms in the former British colony.

The U.S. won’t be happy with the People’s Republic of China’s flex, and the escalating U.S.-Chinese tensions are bad news for the

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