
Investments
What's going on in Hong Kong?ol
Saturday 25th of October 1997
There are several factors which have sparked concern in Hong Kong and which seem responsible for the recent rapid dive of the Hang Seng.The unexpected 7 per cent devaluation of the New Taiwan dollar caused worries once again on the health of the Hong Kong dollar/US dollar peg. Inter-bank interest rates in Hong Kong have shot up to over 10 per cent and the exchange rate has weakened to 7.75. ="">
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
Latest News
3 min read
2 min read
3 min read
Latest Comments