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Friday, Oct 23, 2020

Hong Kong’s Exchange Fund reports record HK$86 billion loss in first quarter as coronavirus batters stock market

Hong Kong’s Exchange Fund reports record HK$86 billion loss in first quarter as coronavirus batters stock market

The enormous losses mainly stemmed from the fund’s investments in both Hong Kong and overseas stocks. The losses, mainly from overseas stock market investments, are in sharp contrast to a year ago when the fund reported its best first-quarter return, of HK$133.4 billion
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