Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence

T2Covered by 1 source · first reported by China: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone at 06 Nov, 05:35 UTC

Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging…

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Sources

• T2Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulenceChina: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone06 Nov, 05:35