Thursday, 16 August 2018 Hong Kong (AFP) Aug 16, 2018
Hong Kong's de facto central bank said Thursday it had bought up more than US$2 billion worth of local currency to maintain a long-held peg to the US dollar. The intervention - which began Wednesday and was the latest in a series of moves to support the currency this year - comes as the US dollar rockets on the back of turmoil in emerging markets and the ongoing Turkish lira crisis. T
Aug.13 -- Hao Hong, head of research and chief strategist at Bocom International, discusses Chinese markets, how he's advising his clients and the trade friction between the U.S. and China. He speaks on "Bloomberg Markets: Asia."
Hong Kong (CNN Business)China's battered currency is trading at its lowest point since the global financial crisis, leaving investors asking how much farther it might fall. The yuan sank past 6.97 to..