Swatch warns over Hong Kong outlook

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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..