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Public Wire

The global financial crisis hits Hong Kong

Wall Street's financial troubles hit Hong KongIn the past few weeks Hong Kong has been battered not only by a series of powerful typhoons, but also by the financial storm emanating from Wall Street. So far, the main effect of the credit crisis has been to undermine confidence, resulting in stockmarket volatility, a bank run and even public protests against declining asset values. But as US and European demand for exports slows, the real economy will also suffer.Hong Kong stockmarket investors h....

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