Hong Kong’s Exchange Fund posts US$7 billion quarterly loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar

• The fund lost HK$55 billion (US$7 billion) from investments in the first quarter, its third-biggest loss in 18 years since the fund began reporting its quarterly performance
• The fund’s Hong Kong stock investments lost HK$9.4 billion during the first quarter, compared with a HK$7.6 billion profit a year earlier