Hong Kong Retailer Stocks Jump After City Eases Travel Rules - BNN Bloomberg

in hive-116221 •  4 years ago 

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Hong Kong firms dependent on tourism rallied on Tuesday after the government said it was planning to relax travel restrictions across the border from as early as month's end, signaling a possible rebound for a sector acutely impacted from the year-long pandemic.

From insurers to cosmetic firms, once-popular business segments may be among top beneficiaries as the government mulls reopening check points with the mainland that were closed a year ago due to Covid-19. Beauty retailer Sa Sa International Holdings Ltd. briefly surged by as much as 9.9%. Jewelry company Chow Sang Sang Holdings International Ltd. and Emperor Watch & Jewellery Ltd. advanced by at least 7.6%.


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