China, Hong Kong Stocks Hit by Weak Currency

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Asian stocks’ early gains eroded Monday, led by declines in Hong Kong and mainland China over worries about the Hong Kong dollar.

The currency last week weakened to the bottom of its trading band against the U.S. dollar, leading Hong Kong’s monetary authority to try to bolster it by selling $1.23 billion in U.S. dollars to buy Hong Kong dollars.

The…

2018-04-16 04:38:00

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