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Economy

A month in, protests shaking Hong Kong's status as financial hub

Sogo department store in Hong Kong's Causeway Bay district.

HONG KONG -- A plan to link the Hong Kong and Shanghai bourses has apparently been delayed by the monthlong occupation of downtown Hong Kong by pro-democracy protesters, raising alarms that the demonstrations could hurt not just the retail industry, but the city's status as a global financial hub.

     The retail sector has suffered ever since demonstrators began taking control of the streets on Sept. 28. A store clerk at a Saint Laurent shop that opened late last month at the Sogo department store in the Causeway Bay shopping district says visitor traffic has been lower than expected. Students and other protesters set up tents in the streets in front of the department store just 10 days after the shop opened.

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