Terrible news for companies operating in Hong Kong [CNN]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: CNN
Hong Kong airport shutdown: What it means for business and the economy The decision to cancel all departures and inbound flights not already in the air on Monday afternoon was made after thousands of pro-democracy protestors gathered at the airport, the region's third busiest after Beijing and Tokyo. The disruption ran into a second day Tuesday when all outbound flights were canceled late afternoon because of a large protest at the airport. Protests have been rocking Hong Kong for months, and the crisis is already having a noticeable effect on the city's economy . Some demonstrations have ended in violent clashes with police. The airport shutdown is a stark reminder of the risk to global businesses and the city's tourism sector. More than 74 million passengers traveled to and from the airport last year. It handles 1,100 passenger and cargo flights each day, and serves about 200 destinations around the world. The airport contributes 5% to Hong Kong's GDP , directly and indirectly, sa
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