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Hong Kong revises down GDP estimate; Cathay Pacific CEO resigns

  • Hong Kong's economy contracted more than originally estimated in the second quarter, as escalating protests in the city dampened activity.
  • Gross domestic product contracted by 0.4%, more than the 0.3% contraction released in the first estimate on July 31.
  • Other big news overnight saw Cathay Pacific (OTCPK:CPCAY) CEO Rupert Hogg resign, as the Hong Kong flag-carrier reels from a series of controversies over the involvement of its employees in the city's simmering anti-government protests.
  • ETFs: EWH, FHK, FLHK

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