mandag 19. august 2019

Hong Kong billionaire tycoons call for end to protests as unrest affects their profits

Hong Kong's property tycoons are hurting, the share market is tanking and the tourism sector has taken a beating as the pro-democracy movement continues to strangle the city. While the US-China trade war has fuelled some of the losses, weeks of violent protests have wreaked havoc for investor sentiment and caused huge reputational damage for the semi-autonomous territory as an economic powerhouse. As the protest movement enters its 11th week with no signs of slowing down, analysts are predicting the financial hub is barrelling towards recession.