Hong Kong’s Exchange Fund earnings tumble 74% as HKMA warns of more market turbulence
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings slid 39.6 per cent from a year earlier to HK$171.9 billion. The Exchange Fund’s Hong Kong equities portfolio...
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Over 1,000 tonnes of sewage seen at landfill site
The Environment Agency says it has issued the operator with a series of actions after an inspection.
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The STONED Age! Cannabis was first used as an intoxicant 2,800 years ago, study finds
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SpaceX could get a major boost as US plans significant changes to space launch rules
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