News Snapshot:
HONG KONG: The Hong Kong Foreign Exchange Fund, which is used to support the Hong Kong dollar, recorded an investment loss of HK $ 13.2 billion ($ 1.70 billion) in the third quarter, the first loss after five consecutive quarters of gains, the Hong Kong Monetary Authority (HKMA) said Monday. This compares to an investment gain of HKUS $ 81.2 billion in the same period a year earlier. The exchange fund recorded investment income of HKUS $ 126.5 billion between January and September of this year. The HKMA is the primary manager of the exchange fund, which is under the...
