HONG KONG – Times are tough for Hong Kong retailers. And even worse for those with links to Japan.
Shares of CEC International Holdings Ltd. which runs the 759 chain of stores, have tumbled 32 percent this year, compared with a 0.5 percent retreat in the MSCI Hong Kong Index. International Housewares Retail Co. and Aeon Stores Hong Kong Co. — both of which sell Japanese products — have dropped at least 6 percent.
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