MARKETS_ Worried Hong Kong Residents Are Moving Money Out as Protests Escalate

THE WALL STREET JOURNAL

MARKETS



Worried Hong Kong Residents Are Moving Money Out as Protests Escalate

The local currency has weakened rapidly since early July, a move analysts attribute partly to outflows


By Steven Russolillo, Joanne Chiu and Eli Binder
Updated Aug. 18, 2019 7:01 pm ET


Money is leaking out of Hong Kong as months of protests raise concerns about the city’s future.

The local currency has weakened rapidly since early July, a move analysts attribute partly to outflows. Some businesses say they are seeing money move abroad, and several individuals who spoke to The Wall Street Journal said they have either swapped...

READ MORE: https://www.wsj.com/articles/worried-hong-kong-residents-are-moving-money-out-as-protests-escalate-11566120603


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