HONG KONG – Following The Fifth Annual Global Day of Prayer Sunday, devotees claimed higher share prices were god’s provision.
Hong Kong share prices opened 1.58 percent higher today, after similar gains in the past three days. The Hang Seng Index has risen 590.99 points to 19,680.07 since Sunday after an estimated 5,000 devotees offered “special prayers for the financial crisis” at the HK Stadium May 31.
“God has promised in His Word that He would never leave us nor foresake us!” said the event’s director Glenda Ma. “He has always provided for His own during time of famine – supernaturally!”
The turmoil in Hong Kong’s financial markets has triggered a spiritual response among many Christian leaders. Last week, cell phone text messages quickly spread calls to prayer. Christians in Central, the city’s main financial district, set up special prayer meetings in preparation for Sunday’s gathering. Extraordinary prayer meetings were scheduled at Merrill Lynch, Goldman Sachs, JPMorgan Chase, Citigroup, Morgan Stanley, Deloitte, and HSBC. On Friday, pastors held sidewalk prayer meetings outside of the stock exchange.
Henry Wong, who attended the Global Day of Prayer and helps manage USD 1 billion at Merrill Lynch said, “God is listening. There are encouraging signs that people are out there spending. What looked like a flicker of light at the end of the tunnel Monday morning is now starting to look like a beacon.”
Richard Chu, economist at Morgan Stanley Research, added that, ” As Christians, we must remember that God is our source, not our jobs or our government. No question, the economy is bad, governments are scrambling, so-called stimulus packages are being passed, but as the children of the Most High God, He has promised to supply all our needs according to His riches in Christ Jesus. With more help from Him, a total recovery may be just a few months away.”
Some Christians in Hong Kong hope that God can use the crisis for good. Mike Lo, pastor of New Hope Church, says, “Honestly, I am praying God will bring healing and revival. The church should be available in every way for people in the financial district who maybe didn’t think much about God before. One should be comforted that righteousness will prevail.”
Indeed, some Christians working on Wall Street see it as working on “the dark side,” with an environment that is “absurdly secular,” “out of balance,” and “egoistic.” One trader says, “Some of the times when I get on the MTR to Central, it’s like I go to the dark side.”
Lately, the trips are especially bleak. One chief operating officer says that maybe Christian faith can stand out as a light of compassion and truth. “We should not be intimidated by the magnitude of the darkness of the times, but should realize how quickly the light stands out in all that darkness.”
In recent weeks, the heads of some of Hong Kong’s largest churches have complained that they have returned empty-handed from fundraising campaigns in the US and Europe, saying philanthropists hurt by the financial crisis are no longer willing to make contributions. “We don’t even bother to ask the local tycoons,” said one church leader, Ivan Cho, “they are as mean as Satan.”
Cho added that despite the difficulty of fund raising, God will prevail. “There are so many accounts of God’s provision in time of crisis. So, why would God want to give us supernatural provision? As a witness to the rest of the world of His goodness and grace. To show how He takes care of those who are His. To be light to those who dwell in darkness.”
Meanwhile, Arthur Chan, a non-affiliated analyst at the Bank of China, said that today’s gains by Hang Seng stocks were part of the momentum following Monday’s release of data in the U.S. showing encouraging home and auto sales.
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