Hong Kong's half-trillion-dollar investment fund set up to defend the financial hub's currency has suffered its largest loss on record of more than HK$200 billion ($25 billion), authorities said Monday.
The Exchange Fund, the semi-autonomous Chinese city's de facto sovereign wealth fund, is one of the largest public investment vehicles in the world. FILE PHOTO
The Exchange Fund, the semi-autonomous Chinese city's de facto sovereign wealth fund, is one of the largest public investment vehicles in the world. The de facto central bank attributed the unprecedented deficit, the first since 2015, to "an exceptionally volatile year" in global financial markets. Yue said he expected the fund to continue facing significant uncertainty in 2023 amid continued tightening of monetary policy, lowered economic growth and geopolitical tensions.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'AraBella' stars Shayne Sava and Althea Ablan say they turn to co-star Camille Prats for adviceShayne said, "Si Ate Cams po -- &39;yan mahilig sya mag-advise po, lalo-lalo na sa buhay, mga finances, kung pano &39;yung mga investments." Althea added, "At lalo na sya &39;yung sabihan namin mga problema. &39;Ate Cams, anong dapat gawin?&39;
Baca lebih lajut »
FACES OF CEBU: Kern Sesante, 39, lawyer and basketball coachCEBU CITY, Philippines—Focusing on one profession is a painstaking responsibility for many. But University of Cebu (UC) Webmasters head coach Kern Sesante mastered two professions with
Baca lebih lajut »
Rochelle Pangilinan shares BTS of Glaiza and David grooving to Sexbomb Girls' 'Spaghetti Song'We&39;ve all seen Glaiza de Castro and David Rainey&39;s dramatic photos amid the Zambales sunset during their wedding.
Baca lebih lajut »
Israel promises swift response to synagogue shootingIsrael&39;s Prime Minister Benjamin Netanyahu pledged on Saturday a "strong, swift and precise" response to a deadly Palestinian shooting attack near a synagogue on Jerusalem&39;s outskirts, as its military sent more troops into the occupied West Bank.
Baca lebih lajut »
North Korea denies arms dealing with RussiaNorth Korea on Sunday denied providing arms to Moscow after the United States said the nuclear-armed state supplied rockets and missiles to Russia&39;s private military group Wagner.
Baca lebih lajut »
Nico Bolzico's Instagram is the subject of two college students' thesis proposalNico Bolzico&39;s Instagram has become a subject of a research paper of two students from De La Salle University (DLSU) - Dasmariñas!
Baca lebih lajut »