Hong Kong Stocks Close Well Down

Hong Kong stocks closed with big losses Tuesday, in line with a sell-off across Asia, after the bank of Japan surprised markets with a shift away from its long-standing ultra-loose monetary policy.

Hong Kong set for higher prime rates as US Fed keeps up inflation fight

With Hong Kong's monetary policy linked to that of the US, hopes of respite from higher prime rates in 2023 are doomed to disappointment Despite expectations of policy easing, the Fed is solidifying its anti-inflation credentials as the influence of any central bank rests on its credibility Hong Kong will see out the Year of ...