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Omicron travel restrictions set to cast a pall over Hong Kong's economy

The city’s role as a regional financial hub is further at risk in the latest move to ban international arrivals from several G7 economies.
Omicron travel restrictions set to cast a pall over Hong Kong's economy
Hong Kong’s tough new restrictions in the face of the Omicron outbreak are likely to weigh on the city, presenting problems for it as a regional hub for foreign multinationals and discouraging fresh inflows in the short term, experts have warned. “We are seeing some capital leaving Hong Kong as reflected in a weaker Hong Kong dollar," said Alicia García Herrero, chief economist for Asia Pacific at Natixis Corporate and Investment Banking. "I would imagine that not only Omicron, …
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