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Occupy Wall Street spreads to Asia

Saturday, October 15, 2011 - 01:47

Oct. 15 - Protesters in Seoul, Hong Kong and Manila join global demonstrations supporting the Occupy Wall Street movement. Sunita Rappai reports.

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In the heart of one of the world's most prominent financial districts, protesters gather to express their frustrations with the global economy. Around 200 people gathered outside the Hong Kong stock exchange to protest, amongst others, the territory's staggering rich-poor gap. They say it proves the global financial system is simply not working. SOUNDBITE (English) ACTIVIST TOM GRUNDY "You've got more millionaires made last year in Hong Kong than any other place on earth and you've got people living in cages in Sam Sheu Po. You've got people making their living going through rubbish." This was just one of a series of protests across Asia on Saturday as the message of the Occupy Wall street movement resonated across the continent. In the Philippines, dozens marched to the US Embassy in Manila urging a change in the financial system. They held placards and streamers expressing their support for the Occupy Wall Street Movement. SOUNDBITE (English) NEW PATRIOTIC ALLIANCE SPOKESPERSON RENATO REYES "People call it socialism, people call it prioritising people over profits, whatever you call it, I think, the essence is that this time the people should be given priority over the profits of the big banks and the multinational corporations." And in South Korea's capital Seoul, more protesters gathered in front of the country's Financial Advisory Service. Some clashed with police as they attempted to post stickers reading 'business will be suspended' on the building doors. The Occupy Wall street movement which started in July in the US condemns economic inequalities blamed on flawed financial institutions. Sunita Rappai Reuters

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Occupy Wall Street spreads to Asia

Saturday, October 15, 2011 - 01:47