Exchange fund notches HK$18.7b in losses in third quarter from forex, stock holdings

Exchange Fund, whose reserves are used to defend the local currency, has lost HK$18.7 billion in the third quarter as a result of the valuation loses of its forex holdings and in Hong Kong stocks, according to the Hong Kong Monetary Authority, which manages the investment

via South China Morning Post - Business feed http://ift.tt/1A2oYTR