Hong Kong’s economy remains largely untouched by the ongoing pro-democracy protests that authorities and business leaders there have warned could upend the city’s role as a hub of international finance, Bloomberg reported, citing local business reports and market data. Hong Kong’s benchmark Hang Seng Index has shrugged off the protests, closing little changed on October 31 and up 1% since the last trading day before the protests began. Local businesses closest to the protests have been heaviest hit, but for larger businesses the disruptions have been offset for the most part as other outlets in Hong Kong benefited from displaced business.
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