Exchange Fund rounds to HK$41.2b gain in third quarter

The Exchange Fund turned around earlier losses to return HK$41.2 billion in the third quarter, thanks to a rebound in the stock market and gains from currencies and bonds.

The third-quarter profit compared to a loss of HK$5.6 billion in the second quarter and a loss of HK$41.7 billion in last year's third quarter, said the Hong Kong Monetary Authority (HKMA).

via Business feed http://www.scmp.com/business/economy/article/1086299/exchange-fund-rounds-hk412b-gain-third-quarter