Hong Kong dollar nears 7.85 weak limit as carry trades build
Why it matters: A wider US-Hong Kong rate gap and falling Hibor are raising the odds of Hong Kong Monetary Authority intervention.
Subject
#Hang Seng Index
HK$255 billion in Hong Kong lockups set to expire in July
Why it matters: The shares turning tradable could add selling pressure to a Hang Seng market already down 3% this year.
Kospi sinks 8.3% as AI-driven tech sell-off hits Asian markets
What's new: Trading in Seoul briefly halted after the index slid as much as 8.8%, while Samsung fell 10.2% and SK Hynix lost 7.7%.
Bloomberg, The Business Times (Singapore)