Hong Kong March retail sales plunge 42% year-on-year due to coronavirus
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HONG KONG (Reuters) - Hong Kong's retail sales fell by 42% in March from a year earlier, as travel restrictions kept tourists away and most residents steered clear of shops and restaurants for fear of catching the coronavirus.The spending drought has hit an economy already in recession after often-violent anti-government protests in the second half of last year.Sales dropped to HK$23.0 billion ($2.97 billion), government data showed on Tuesday, the 14th consecutive month of decline. February's..