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Hong Kong protests

Hong Kong economy takes a beating as protests reach 80 days

Asia's financial hub sees just one IPO in August while tourism declines

Protesters clash with police in Hong Kong on Aug. 25. The demonstrations have continued for longer than the pro-democracy Umbrella Movement in 2014.   © Reuters

HONG KONG/SHANGHAI -- Protests in Hong Kong crossed the 80-day mark on Tuesday with no end in sight, dealing a heavy blow to a wide range of economic activities in the city from stock debuts to tourism.

The demonstrations, triggered in June by a controversial extradition bill, have now surpassed the length of the pro-democracy Umbrella Movement in 2014. But protesters and Hong Kong's government remain miles apart, jeopardizing the city's status as a key Asian financial hub and damaging its role as a bridge between the mainland and the rest of the world.

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