Zürcher Nachrichten - Lockdown fears spark panic buying in Hong Kong

EUR -
AED 4.278799
AFN 77.332466
ALL 96.575617
AMD 445.1876
ANG 2.085576
AOA 1068.388216
ARS 1684.735918
AUD 1.75613
AWG 2.09862
AZN 1.984015
BAM 1.955298
BBD 2.351906
BDT 142.873314
BGN 1.955951
BHD 0.439244
BIF 3450.13256
BMD 1.165091
BND 1.512264
BOB 8.068928
BRL 6.18139
BSD 1.167705
BTN 104.895516
BWP 15.51395
BYN 3.380546
BYR 22835.780461
BZD 2.348507
CAD 1.624445
CDF 2598.152383
CHF 0.935795
CLF 0.027249
CLP 1068.972737
CNY 8.239114
CNH 8.235468
COP 4423.838268
CRC 572.550529
CUC 1.165091
CUP 30.874907
CVE 110.236695
CZK 24.215228
DJF 207.947498
DKK 7.468599
DOP 74.200629
DZD 151.573688
EGP 55.422094
ERN 17.476363
ETB 182.080866
FJD 2.631882
FKP 0.872491
GBP 0.87341
GEL 3.139877
GGP 0.872491
GHS 13.301585
GIP 0.872491
GMD 85.051785
GNF 10146.786517
GTQ 8.944742
GYD 244.307269
HKD 9.07004
HNL 30.745973
HRK 7.537941
HTG 152.955977
HUF 381.927241
IDR 19422.821609
ILS 3.76036
IMP 0.872491
INR 104.791181
IQD 1529.71378
IRR 49079.451231
ISK 149.003201
JEP 0.872491
JMD 187.141145
JOD 0.82607
JPY 180.711448
KES 150.704566
KGS 101.886647
KHR 4676.939601
KMF 491.66861
KPW 1048.573823
KRW 1715.887947
KWD 0.35759
KYD 0.973154
KZT 590.220982
LAK 25331.604319
LBP 104570.198293
LKR 360.448994
LRD 206.107962
LSL 19.822595
LTL 3.44021
LVL 0.704752
LYD 6.347397
MAD 10.774234
MDL 19.862985
MGA 5193.64414
MKD 61.624177
MMK 2446.620372
MNT 4131.997126
MOP 9.362236
MRU 46.266921
MUR 53.675364
MVR 17.954132
MWK 2024.871384
MXN 21.185039
MYR 4.789718
MZN 74.447687
NAD 19.822595
NGN 1690.547045
NIO 42.970442
NOK 11.774198
NPR 167.831186
NZD 2.017279
OMR 0.448002
PAB 1.1678
PEN 3.926892
PGK 4.952877
PHP 68.813177
PKR 329.883811
PLN 4.230421
PYG 8097.955442
QAR 4.268104
RON 5.093784
RSD 117.405001
RUB 89.428762
RWF 1699.056442
SAR 4.372624
SBD 9.581501
SCR 15.83572
SDG 700.739077
SEK 10.962357
SGD 1.508886
SHP 0.87412
SLE 26.796781
SLL 24431.370198
SOS 666.226074
SRD 45.023191
STD 24115.028075
STN 24.494657
SVC 10.21742
SYP 12883.858981
SZL 19.816827
THB 37.09708
TJS 10.731491
TMT 4.077818
TND 3.427635
TOP 2.805259
TRY 49.532165
TTD 7.917001
TWD 36.455959
TZS 2842.8212
UAH 49.235746
UGX 4139.936989
USD 1.165091
UYU 45.74845
UZS 13910.428222
VES 289.625154
VND 30711.794538
VUV 142.222766
WST 3.250779
XAF 655.7858
XAG 0.020016
XAU 0.000276
XCD 3.148716
XCG 2.104569
XDR 0.815587
XOF 655.791427
XPF 119.331742
YER 277.75676
ZAR 19.715959
ZMK 10487.212054
ZMW 26.828226
ZWL 375.158775
  • RELX

    0.1800

    40.73

    +0.44%

  • NGG

    0.1200

    76.04

    +0.16%

  • CMSC

    0.0400

    23.48

    +0.17%

  • RBGPF

    0.0000

    78.35

    0%

  • RIO

    -0.2600

    73.49

    -0.35%

  • GSK

    -0.0950

    48.49

    -0.2%

  • SCS

    -0.0350

    16.19

    -0.22%

  • BTI

    -0.8000

    57.24

    -1.4%

  • RYCEF

    0.4600

    14.67

    +3.14%

  • AZN

    1.0000

    91.03

    +1.1%

  • VOD

    -0.1280

    12.505

    -1.02%

  • BCE

    0.1600

    23.38

    +0.68%

  • BP

    -0.9500

    36.29

    -2.62%

  • BCC

    -0.8950

    73.43

    -1.22%

  • JRI

    0.0201

    13.76

    +0.15%

  • CMSD

    -0.0554

    23.2845

    -0.24%

Lockdown fears spark panic buying in Hong Kong
Lockdown fears spark panic buying in Hong Kong

Lockdown fears spark panic buying in Hong Kong

Hong Kongers stripped supermarket shelves bare Tuesday as panic buying set in following mixed messaging from the government over whether it plans a lockdown this month.

Text size:

Uncertainty over Covid rules has sent the city's residents flocking to supermarkets, chemists and vegetable stores to stock up, leaving shelves empty across the city.

Photos circulating on social media showed people had trouble finding a variety of items including meat, vegetables, frozen foods, noodles, paracetamol and testing kits.

The financial hub is currently in the grips of its worst coronavirus outbreak, registering tens of thousands of new cases each day, overwhelming hospitals and shattering the city's zero-Covid strategy.

Authorities plan to test all 7.4 million residents this month and isolate all infections either at home or in a series of camps that are still being constructed with the help of mainland China.

City leader Carrie Lam had initially ruled out a mainland style lockdown where people are confined to their homes during the testing period.

But on Monday, health chief Sophia Chan confirmed it was still on the table, a day after a senior Chinese health official described it as the best option.

On Tuesday multiple pro-government Hong Kong media citing official sources also said authorities were looking at a variety of lockdown options for the test period.

One of the most densely populated cities on earth, Hong Kong's supermarkets have limited backroom storage space and saw waves of panic buying at the start of the pandemic two years ago.

The vast majority of its food is imported from mainland China and the current supply crunch has been worsened by cross border truckers getting infected by the high transmissible Omicron variant.

More than 190,000 infections have been recorded in the last two months compared to just 12,000 for the rest of the pandemic.

The government released a statement late Monday saying food supplies remained constant and that there was no need for panic buying.

But analysts said uncertainty and distrust were fuelling consumer habits.

"We have so many questions but all answers are 'to be confirmed'," Chan Ka-lok, an international politics scholar at Baptist University, wrote on social media.

"Rush to buy and stock up, let the people decide how to live their life."

Tom Grundy, editor of the Hong Kong Free Press news website, described the latest panic buying as "a massive failure of gov't communications"

"Rules changing every few days, u-turns, botched stats, poor data disclosure," he wrote on Twitter.

Faith in government assurances is low in Hong Kong, where authorities have carried out a two year crackdown on dissent after huge democracy protests.

The decision to mass test residents was also itself a policy u-turn -- Lam had previously ruled out such a step before backing it last month.

P.Gashi--NZN