Hong Kong GDP shrinks 1.4% in Q2 as global headwinds hit exports

Financial hub's economy contracts after COVID-driven 3.9% drop in Q1

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Hong Kong exports tumbled 8.6% in the April-June period, deteriorating from a 4.5% decline between January and March. © Reuters

Peter Brieger, Nikkei staff writer

HONG KONG -- Hong Kong's economy contracted by 1.4% in the quarter ended June, government data showed Monday, as exports took a hit while the global financial hub struggled to rev up momentum after its worst virus outbreak.

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