The Japan Times - Lockdown fears spark panic buying in Hong Kong

EUR -
AED 4.331285
AFN 75.468553
ALL 95.455853
AMD 435.133136
ANG 2.110613
AOA 1082.496254
ARS 1649.279971
AUD 1.625795
AWG 2.125489
AZN 2.009303
BAM 1.960362
BBD 2.374715
BDT 144.673819
BGN 1.967008
BHD 0.445031
BIF 3508.088307
BMD 1.179189
BND 1.49518
BOB 8.147963
BRL 5.795828
BSD 1.179039
BTN 111.34021
BWP 15.830843
BYN 3.332255
BYR 23112.111202
BZD 2.371308
CAD 1.612011
CDF 2670.864298
CHF 0.916177
CLF 0.026704
CLP 1051.00014
CNY 8.019372
CNH 8.014083
COP 4422.526062
CRC 542.013173
CUC 1.179189
CUP 31.248518
CVE 110.903223
CZK 24.334582
DJF 209.565995
DKK 7.476537
DOP 69.985351
DZD 155.960046
EGP 62.195977
ERN 17.68784
ETB 185.491052
FJD 2.574218
FKP 0.866493
GBP 0.864889
GEL 3.154379
GGP 0.866493
GHS 13.313508
GIP 0.866493
GMD 86.674958
GNF 10353.282886
GTQ 9.002953
GYD 246.714182
HKD 9.235117
HNL 31.390478
HRK 7.538916
HTG 154.379289
HUF 353.981307
IDR 20491.303919
ILS 3.421187
IMP 0.866493
INR 111.345548
IQD 1544.738045
IRR 1546506.829043
ISK 143.873347
JEP 0.866493
JMD 185.842514
JOD 0.836092
JPY 184.734208
KES 152.328133
KGS 103.085327
KHR 4728.549695
KMF 492.90156
KPW 1061.212561
KRW 1723.880942
KWD 0.36279
KYD 0.982687
KZT 544.929701
LAK 25889.102525
LBP 105596.406437
LKR 379.599647
LRD 216.385693
LSL 19.327363
LTL 3.48184
LVL 0.71328
LYD 7.458419
MAD 10.754655
MDL 20.163928
MGA 4911.324039
MKD 61.616155
MMK 2475.833955
MNT 4220.203791
MOP 9.507427
MRU 47.102764
MUR 55.210091
MVR 18.163925
MWK 2054.148249
MXN 20.255648
MYR 4.623647
MZN 75.362436
NAD 19.327358
NGN 1609.593864
NIO 43.293982
NOK 10.859513
NPR 178.160636
NZD 1.976185
OMR 0.453919
PAB 1.179144
PEN 4.04993
PGK 5.129916
PHP 71.358689
PKR 328.581553
PLN 4.239717
PYG 7202.120307
QAR 4.29269
RON 5.21945
RSD 117.297547
RUB 87.543025
RWF 1722.206041
SAR 4.459737
SBD 9.456429
SCR 16.459646
SDG 708.107537
SEK 10.86706
SGD 1.494391
SHP 0.880384
SLE 29.067455
SLL 24727.006491
SOS 673.91103
SRD 44.100547
STD 24406.83871
STN 24.939855
SVC 10.317092
SYP 130.352242
SZL 19.303765
THB 37.973479
TJS 11.001504
TMT 4.127163
TND 3.379601
TOP 2.839205
TRY 53.475102
TTD 7.990886
TWD 36.927538
TZS 3063.998569
UAH 51.791223
UGX 4417.888438
USD 1.179189
UYU 47.025255
UZS 14309.46312
VES 588.693738
VND 31022.113342
VUV 139.175172
WST 3.188636
XAF 657.487181
XAG 0.014668
XAU 0.00025
XCD 3.186819
XCG 2.124956
XDR 0.82014
XOF 657.402298
XPF 119.331742
YER 281.384102
ZAR 19.315951
ZMK 10614.123377
ZMW 22.449247
ZWL 379.698489
  • RIO

    2.2700

    105.38

    +2.15%

  • BTI

    0.2000

    58.28

    +0.34%

  • CMSC

    0.1400

    23.11

    +0.61%

  • BCC

    -2.0900

    70.67

    -2.96%

  • BCE

    -0.4300

    24.14

    -1.78%

  • RBGPF

    0.0000

    63.18

    0%

  • CMSD

    0.1140

    23.534

    +0.48%

  • JRI

    0.0000

    13.15

    0%

  • GSK

    -0.0900

    50.41

    -0.18%

  • RELX

    0.0759

    33.58

    +0.23%

  • RYCEF

    -1.0800

    16.37

    -6.6%

  • AZN

    0.3300

    182.85

    +0.18%

  • VOD

    0.5100

    16.2

    +3.15%

  • BP

    -0.4700

    43.34

    -1.08%

  • NGG

    0.9800

    86.89

    +1.13%

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.

S.Yamada--JT