Hong Kong rail operator MTR Corp warns of significant decline in profits due to social unrest

The Hong Kong government said social unrest has contributed two percentage points to the city's economic contraction in Q3. The territory has fallen into recession for the first time in a decade. It has been weighed down by increasingly violent anti-government protests and the escalating US-China trade war. Meanwhile, the unrest has also dealt a heavy blow to rail operator MTR Corporation. Radicals have caused extensive damage to 85 out of the 94 rail stations, and thousands more turnstiles, ticketing machines and surveillance cameras have been damaged.

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