Hong Kong’s core industries hammered by anti-government protest crisis with deep drops in retail, tourism and stock market

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Hong Kong’s sweeping political turmoil and destabilising protests have eaten into the city’s core industries, with knock-on effects felt across the tourism, aviation and retail sectors, as well as the job market.Economists on Thursday raised concerns based on a slow burn of alarming metrics: the stock market has tumbled more than 25 per cent since June, tourist arrivals are down 30 per cent, hotel prices have been slashed more than 50 per cent – and unemployment is on the rise.At the same time,…

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South China Morning Post provides Hong Kong economy news including annual budget, MPF pensions, retail and transport.

https://www.scmp.com/

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