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Global firms are sounding the alarm as Hong Kong protests escalate

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Protesters walk on a highway near Hong Kong’s international airport following a protest on August 12, 2019.

Vivek Prakash | AFP | Getty Images

Two months of protests in Hong Kong are starting to take a toll on some of the largest global companies, adding to a host of geopolitical concerns as the U.S.-China trade war drags on.

During the past few weeks, management teams at a range of multinational firms have taken to earnings calls to warn of dire consequences if the clashes escalate — including lost revenue and deterred business investment. Many of these companies are already feeling the strains of higher tariffs and a weakened Chinese currency.

Ten weeks of increasingly violent protests…



Source cnbc.com

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