News Snapshot:
Hong Kong’s economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of U.S. trade privileges due to a security law imposed by Beijing. The performance reported yesterday for the three months ending in June was an improvement over the previous quarter’s 9.1% contraction, the biggest since the government began reporting such data in the 1970s. Hong Kong, a center for trade, finance and tourism, already was struggling before the coronavirus prompted the government to impose travel curbs and restrictions on business. Tourist arrivals fell...
