Swatch warns over Hong Kong outlook

montremagamontremagamontremagaSwatch GroupHigh quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/36769a40-118b-11e4-b356-00144feabdc0.html#ixzz38IS86R5j

Swatch Group warned that the outlook in Hong Kong, the world’s biggest export market for Swiss watches, was uncertain, as it reported a drop in first-half profits for the first time in five years.

Hong Kong accounted for a fifth of all Swiss watch exports by value in the first half of the year, almost double the amount taken by the US, the second-largest market, but sales in the Asian territory fell in May and June. Read more..