The Hong Kong Monetary Authority spent HK$7.85 billion on Tuesday afternoon to defend the local currency’s peg against the US dollar. It had to intervene in the currency market on Monday too. Photo: Felix Wong

Hong Kong stocks notch slight gain amid concerns over capital outflows

Hong Kong Monetary Authority steps into currency market to defend local dollar

Topic |   Stocks

TOP PICKS

The Hong Kong Monetary Authority spent HK$7.85 billion on Tuesday afternoon to defend the local currency’s peg against the US dollar. It had to intervene in the currency market on Monday too. Photo: Felix Wong
READ FULL ARTICLE