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Currency News

Hong Kong stocks dip as high US bond yields stoke outflow fears

17 May 2018 04:33Nikkei Asian Review
Shares of Union Medical Healthcare surged almost 85% before giving up some gains to finish 61.7% higher at 6 Hong Kong dollars apiece. The company on Wednesday announced an agreement with online medical platform Tencent Doctorwork to jointly ... more

HKMA intervenes again to support Hong Kong dollar

16 May 2018 23:30Financial Times
Hong Kong's currency is pegged to the US dollar, trading within a band of HK$7.75-HK$7.85 against the greenback. The HKMA is required to support the peg if the Hong Kong dollar slips to the edges of the band and if other banks request the authority to ... more

HKMA Intervenes to Defend Peg Again as Hong Kong Dollar Weakens

15 May 2018 22:45BloombergQuint
In addition to Federal Reserve hikes and a weak Hong Kong dollar, two mega-initial public offerings from Xiaomi Corp. and China Tower Corp. more

HKMA steps in to support Hong Kong dollar

15 May 2018 22:11Financial Times
Hong Kong's currency is pegged to the US dollar, trading within a band of HK$7.75-HK$7.85 against the greenback. The HKMA is required to support the peg if the Hong Kong dollar slips to the edges of the band and if other banks request the authority to ... more

UPDATE 1-Hong Kong Exchange Fund Q1 investment income weakest in five qtrs

15 May 2018 00:03Reuters
HONG KONG, May 15 (Reuters) - Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted an investment income of HK$26.1 billion ($3.32 billion) in the first quarter, the Hong Kong Monetary Authority (HKMA) said on Tuesday, ... more

Hong Kong Dollar Drops to Lowest Since Band Implemented in 2005

02 Mar 2018 03:33Bloomberg
Hong Kong's currency depreciated to the weakest level since the government widened a trading band against the greenback in 2005, putting pressure on the monetary authorities to slow its downward trajectory. more

Hong Kong shares slide as US import tariff fears shake Wall Street

01 Mar 2018 23:26Nikkei Asian Review
The onshore-traded yuan edged 0.1% higher against the U.S. dollar to 6.3512. The fall in Hong Kong stocks "is certainly under the influence of the overnight decline in the U.S. more

Homes made of concrete tubes could solve the housing crisis

01 Mar 2018 15:00BBC News
There are a lot of people in Hong Kong - 7.4 million to be more specific, all in an area that's 106 sq km (41 sq mi). Alongside a dense population, prices have soared at breakneck speed, leaving many unable to afford the dizzy heights of property ... more
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