Hong Kong cuts its 2012 GDP growth estimate to 1-2% from 1-3% previously, "amid mounting...

|By:, SA News Editor

Hong Kong cuts its 2012 GDP growth estimate to 1-2% from 1-3% previously, "amid mounting headwinds in the global economy." This follows a Q2 GDP print of 1.1% vs. estimates of 1.2% and 0.7% in Q1. The Hang Seng was off 0.7% overnight.