BUSINESSSCMP WORLD
Hong Kong’s Exchange Fund first-half earnings fall 37% on equity slump, softer bond income
Hong Kong’s Exchange Fund reported a 37% decline in first-half earnings to HK$134.7 billion due to losses in Hong Kong equities and weaker bond returns. The Hong Kong stock portfolio shifted from a HK$22.9 billion gain to an HK$11.8 billion loss compared to the prior year.
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