Stocks, Futures Drop as Virus Concerns Flare Again: Markets Wrap

Stocks, Futures Drop as Virus Concerns Flare Again: Markets Wrap

Reuters

Hong Kong’s zero-COVID policy keeps movers busy, gives recruiters headaches

Hong Kong’s zero-COVID policy is driving foreign talent out of the financial hub and putting off newcomers even as some firms offer pay packages not seen since the lavish days before the collapse of Lehman Brothers. While the new Omicron variant has renewed anxiety around the world, leading some countries to tighten travel curbs, Hong Kong and mainland China remain among the few places sticking to a zero-tolerance policy on any coronavirus infections. Once considered one of the most attractive cities for global talent, Hong Kong is now being shunned by many top professionals as people try to avoid or escape draconian quarantine rules.

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