For investors, the Hong Kong protests have already hurt retail and tourism, slowing foot traffic in shopping districts, denting tourism, and further dampening consumer confidence, says Eleanor Olcott, TS Lombard China policy analyst, in an email. “The cancellation of all flights out of Hong Kong today is unprecedented and will deepen the drag to Hong Kong’s tourism,” Olcott writes. “The emotive nature of these protests means that even when they do abate, consumer-oriented businesses that have operations in both the mainland and Hong Kong will find it increasingly difficult to navigate political tensions...A political faux pas on either side can instigate a consumer boycott campaign.”
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