Businesses in Hong Kong caught in crossfire of protests
Businesses in Hong Kong have been caught in the crossfire, as political unrest in the city has hit the retail, travel and financial sectors hard. Business leaders have pleaded for protesters to end the violence, amid fears that the economy could pummel even further. According to Bloomberg Economics, more than $600 billion of stock market value has been erased since early July. Retailers sales plunged 7% in June versus the prior year, as a result of decrease in tourist arrivals.
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