Hong Kong's stocks fell the most in almost three weeks, the city's currency weakened and equity-market volatility surged amid the biggest police crackdown on protesters since the city returned to Chinese rule.
The local dollar strengthened 0.02 percent to HK$7.7549 against the greenback as of 5:16 p.m. in Hong Kong, contributing to a three-day advance of 0.12 percent, according to data compiled by Bloomberg.
South China Morning Post (subscription) - Sep 25, 2014
Housing costs are becoming a serious impediment to Hong Kong's growth and youth opportunities. Beijing's currency manipulation of the renminbi is spilling over into Hong Kong by way of local market pressure on the Hong Kong dollar. Something must give.
hong-kong-dollars-1 Despite posting much better-than-expected retail sales data on Monday, the Hong Kong Dollar has depreciated a little against the Pound. This is as a result of the ongoing protests by Hong Kong citizens who demand free and open ...
The Pound Sterling (GBP) to Hong Kong Dollar (HKD) exchange rate softened on Tuesday after the Asian currency posted its biggest three-day gain since 2012 as pro-democracy protests show signs of ending.
Investors bailed out of shares and dumped the Hong Kong dollar yesterday while banks, jewellers and fashion stores shut their doors as pro-democracy protests brought parts of the island to a standstill.
The Pound (GBP) to Hong Kong Dollar (HKD) exchange rate strengthened on Monday as concerns over pro-democracy protests increased over the weekend as demonstrators continued their standoff with police, hopes for a resolution lie with Tuesday's talks.
The Hong Kong dollar has broken its long-held tight range and plummeted to a six-month low against the US dollar as rising tensions in Asia's financial capital severely affected the investment outlook for the city state under Chinese rule.