Hong Kong’s Exchange Fund posts US$7 billion quarterly investment loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar

By Enoch Yiu

The Exchange Fund will have to sail through rough seas ahead, as the US Federal Reserve has flagged 10 increase in its benchmark rate through the end of 2023 to tamp down rising inflation in the US economy.

Source: Hong Kong’s Exchange Fund posts US$7 billion quarterly investment loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar