UPDATE 1-Hong Kong June exports, hit by trade friction, suffer biggest fall since 2016 [Reuters (UK)]
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Source: Reuters
UPDATE 1-Hong Kong June exports, hit by trade friction, suffer biggest fall since 2016 - Reuters 3 Min Read * June exports post 8th straight month of decline * Imports fall for a 7th consecutive month * Analysts may cut growth forecasts if sharp fall persists (Add comments from government and economist) HONG KONG, July 25 (Reuters) - Hong Kong’s total exports in June suffered their biggest annual fall in nearly three and a half years, hurt by a slowdown in China and the impact on the port city’s manufacturers from Sino-U.S. trade tensions. In June, Hong Kong’s total exports dropped 9% from a year earlier to HK$309.6 billion ($39.62 billion), the largest decline since February 2016, government data showed on Thursday. June was the eighth straight month of declining exports. Total imports in June fell 7.5% to HK$364.8 billion, the seventh straight month of decline, and also biggest drop since February 2016. In May, exports slipped 2.4% while imports dropped 4.3%. “The near-term performa
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