The coronavirus has cast a dark cloud over Hong Kong’s economy. Photo: May Tse

Hong Kong dollar bank deposits fall the most since height of protests as coronavirus outbreak sparks outflow of funds

  • Deposits in the local currency suffered their biggest drop since August in February but analysts expect the tide will turn as ‘hot money’ flows in
  • The Hong Kong dollar exchange rate strengthened from 7.80 in February to around 7.75 since last week, the strongest for three years
Topic |   Hong Kong economy
The coronavirus has cast a dark cloud over Hong Kong’s economy. Photo: May Tse
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