Hong Kong Dollar Hits 14-month Low
The Hong Kong Dollar touched 7.85 against the USD, the lowest since August 2025. Over the past 4 weeks, US Dollar Hong Kong Dollar gained 0.04%, and in the last 12 months, it increased 0.98%.
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The Hong Kong Dollar touched 7.85 against the USD, the lowest since August 2025. Over the past 4 weeks, US Dollar Hong Kong Dollar gained 0.04%, and in the last 12 months, it increased 0.98%.
U.S. stock futures rose Wednesday ahead of the September CPI release. The Dow Jones, S&P 500 and Nasdaq 100 were higher after Tuesday’s lower close.
* Shares of Man Wah Holdings drop 13.8% to HK$2.37, their lowest level since September 2013 * Stock set for the biggest one-day pct decline since April 7, 2025 * Sofas and ancillary products maker says it expects its profit attributable for six months ended in September to drop 70%-90% y/y amid cost pressures and opera
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
China's yuan strengthened to its highest level in over three and a half years against the US dollar on Monday, reaching 6.6957 per dollar, as the central bank appeared to ease its efforts to curb appreciation ahead of a summit between Chinese and US leaders.
U.S. stock futures are lower as President Donald Trump announces “Operation Economic Fury” against Iran, lifting geopolitical tensions and pushing Brent crude higher.