Middle East war
Hong Kong's major retailers are using direct sourcing and economies of scale to avoid price hikes amid surging logistics costs from the Middle East war. Sa Sa International chairman Simon Kwok Siu-ming warns of pressure on petroleum-derived beauty products. Shipping and airfreight costs have risen 10 to 15 per cent.
Reported by AI
Chile's AFP multifunds lost US$25 billion in March, dropping from US$260.569 million at end-February to US$235.801 million, a 9.5% decline tied to the Middle East war and peso depreciation.
April 10, 2026 09:11