A Hong Kong 10 dollar banknote, a U.S. 100 dollar banknote, and Chinese 100 Yuan banknotes are seen in this picture illustration, in Beijing on January 21, 2016. Photo: REUTERS/Jason Lee/File Photo

Hang Seng slammed for 375-point loss in afternoon trade as the higher cost of money rattles investors

The city’s base lending rate was raised by 25 basis points to 2.25, according to a statement by the Hong Kong Monetary Authority, effective immediately

Topic |   Hong Kong Monetary Authority (HKMA)

TOP PICKS

A Hong Kong 10 dollar banknote, a U.S. 100 dollar banknote, and Chinese 100 Yuan banknotes are seen in this picture illustration, in Beijing on January 21, 2016. Photo: REUTERS/Jason Lee/File Photo
READ FULL ARTICLE