Typhoon Wipha may have caused financial losses of up to HK$2 billion (US$255 million) in Hong Kong on Sunday alone when the city issued the maximum warning signal, according to economists, as businesses counted damages.
Professor Terence Chong Tai-leung, Executive Director of the Lau Chor Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong (CUHK), said on Monday that the catering, retail, and transport sectors wer…
Source: South China Morning Post – Hong Kong economy feed (http://www.scmp.com/…)