Hong Kong Exchange Fund posts smallest gain in five quarters
Updated
Updated · South China Morning Post · May 4
Hong Kong Exchange Fund posts smallest gain in five quarters
9 articles · Updated · South China Morning Post · May 4
The HKMA said first-quarter gains fell 56% year on year to HK$34.5 billion, while total assets edged up HK$19 billion to HK$4.34 trillion by end-March.
Hong Kong stock investments lost HK$5 billion after a March sell-off, as the Hang Seng Index dropped 7% in its worst month in three years.
Chief executive Eddie Yue said Middle East tensions and oil-driven inflation fears cloud rate-cut prospects, though he said Hong Kong's economy, IPO market and property sector remain resilient.
Why is Hong Kong's IPO market booming while its stock investments face severe geopolitical headwinds?
As Israel's economy thrives amid conflict, can Hong Kong's market resilience outlast the ongoing Middle East crisis?
With the Hormuz Strait blocked and oil prices soaring, is a global stagflation crisis now inevitable?