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Hong Kong protests

Hong Kong retailers warn of closures, layoffs as losses mount

Survey showed 30% of respondents planning job cuts in six months if protests continue

As clashes between anti-government protesters and police turned increasingly violent in recent months, tourist arrivals and property transactions have slumped, sending Hong Kong's economy into a technical recession.   © Reuters

HONG KONG (Nikkei Markets) -- An industry body representing retailers in Hong Kong on Monday warned of shop closures and staff layoffs in the coming months, saying that as many as 97% of its members were making losses now.

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