Berliner Boersenzeitung - Deja vu in Hong Kong as virus restrictions spark panic buying

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.868888
GBP 0.86899
GEL 3.147128
GGP 0.868888
GHS 12.613956
GIP 0.868888
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.868888
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.868888
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.265709
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2432.834089
MNT 4136.040892
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.330532
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 137.764445
WST 3.161931
XAF 655.95473
XAG 0.017051
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • NGG

    -3.5400

    81.99

    -4.32%

  • RIO

    -2.5000

    83.15

    -3.01%

  • VOD

    -0.0900

    14.33

    -0.63%

  • BCE

    0.0600

    25.79

    +0.23%

  • RELX

    -0.4600

    33.36

    -1.38%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • JRI

    -0.3900

    11.77

    -3.31%

  • GSK

    -0.5300

    51.84

    -1.02%

  • AZN

    -5.3300

    183.6

    -2.9%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BP

    -1.0800

    44.78

    -2.41%

Deja vu in Hong Kong as virus restrictions spark panic buying
Deja vu in Hong Kong as virus restrictions spark panic buying

Deja vu in Hong Kong as virus restrictions spark panic buying

Shoppers thronged Hong Kong's markets fearing a shortage of food Wednesday, familiar scenes in a city that is back under gruelling Covid restrictions in contrast to much of the world.

Text size:

Hong Kong has followed mainland China in maintaining a strict "zero-Covid" policy that has kept infections low through targeted lockdowns and extensive social distancing measures.

On Tuesday the city recorded 625 new infections, a daily record but a number that pales in comparison with outbreaks around the world.

The Omicron-fuelled spike has alarmed authorities and leader Carrie Lam announced renewed curbs on the 7.5 million residents of the financial hub.

In scenes reminiscent of early 2020, when the coronavirus first emerged in China, Hong Kongers this week scrambled to stock up as panic set in over food supply shocks.

"It feels like the government isn't prepared at all, and we ordinary citizens can only look out for ourselves," a woman surnamed Siu, 42, told AFP Wednesday.

She was among the throng of morning shoppers anxious over fresh produce supply, which the city mostly imports from the mainland.

This week a cross-border truck driver tested positive for Covid, spurring a temporary hold-up of delivery trucks.

Hong Kong's vegetable supply has since decreased by about a third, the government said.

The shortage -- coupled with business savvy among suddenly popular veg sellers -- has sent produce prices in Hong Kong's wet markets soaring with shelves in supermarkets sitting bare.

"I don't remember vegetables ever being this expensive," Siu said, adding that her daily grocery bill had doubled this week.

Choy sum -- a leafy green popular in Chinese cuisine -- now costs around HK$25 ($3.20) for a half kilo, double its usual price.

A vegetable stall owner told AFP his supply, sparse earlier in the week, has recovered -- for now.

"Hopefully things can get back to normal -- I don't know how long we can keep this up," he said as he fielded shouted requests from customers.

- 'Very dispiriting' -

Unlike much of the rest of the world -- where governments opting to adapt to a new Covid-present normal have gradually opened up -- Hong Kong's "zero Covid" policy has meant doubling down on restrictions.

Leader Lam on Tuesday said it was still the best strategy, given the city's low vaccination rate among the elderly, as she introduced new measures banning public gatherings of more than two people.

More significantly, Lam announced that meetings in homes of more than two families were forbidden.

She also ordered religious sites and hair salons to close by Thursday -- sending Hong Kongers rushing to barbers for a last-minute trim.

Five hair salons in Central district said they were fully booked.

"They say the closure is temporary but who knows when it will reopen," a man surnamed Cheung told AFP as he waited for a haircut.

"It feels like we have gone back to the start of the pandemic. It's very dispiriting."

Hong Kongers also took to social media to express their frustration.

"We have done all you ask, we sat quietly as mental health takes a toll, as families are torn apart and as businesses close down because it is all in the hope of China reopening our borders," wrote one resident in an open letter that went viral.

"You have tried for two years, and failed," it continued.

"When will you stop holding the citizens of this... city hostage?"

(S.G.Stein--BBZ)