Hong Kong protests drag economy into recession – business live

Rolling coverage of the latest economic and financial news, as Hong Kong’s economy tumbles into recession

Earlier:

11.55am GMT

Reuters is reporting that Hong Kong police have fired tear gas to try to break up anti-government protests in the densely populated district of Mong Kok on the Kowloon peninsula today.

Demonstrations were expected on Hong Kong island to coincide with Halloween celebrations.

Organizers are calling on supporters of the protest movement to take part in a “masquerade” that will put to the test a recent government ban on masks at public gatherings aimed at quelling the increasingly violent protests now in their fifth month.

Digital fliers circulated online called on people to wear masks depicting Hong Kong Chief Executive Carrie Lam and Chinese President Xi Jinping and other senior officials.

11.44am GMT

Just in: the protests in Hong Kong have helped to force make-up and fragrance firm Estee Lauder to cut its profit forecasts.

Continue reading…Rolling coverage of the latest economic and financial news, as Hong Kong’s economy tumbles into recessionBreaking: Hong Kong in recessionGDP plunged by 3.2% in last quarterPro-democracy protests hit tourism and spendingEarlier:Introduction: Chinese factories suffer another contractionUS Federal Reserve cut interest rates last night 11.55am GMTReuters is reporting that Hong Kong police have fired tear gas to try to break up anti-government protests in the densely populated district of Mong Kok on the Kowloon peninsula today.Demonstrations were expected on Hong Kong island to coincide with Halloween celebrations.Organizers are calling on supporters of the protest movement to take part in a “masquerade” that will put to the test a recent government ban on masks at public gatherings aimed at quelling the increasingly violent protests now in their fifth month. Digital fliers circulated online called on people to wear masks depicting Hong Kong Chief Executive Carrie Lam and Chinese President Xi Jinping and other senior officials. 11.44am GMTJust in: the protests in Hong Kong have helped to force make-up and fragrance firm Estee Lauder to cut its profit forecasts. Continue reading…

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