Comments & Features
HK Q2 Exchange Fund loss expected: Yam
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Posted 27 June 2008 @ 09:00 am HKT
The Hong Kong Exchange Fund may record an investment loss again in the second quarter, following the first-quarter deficit, Monetary Authority Chief Executive Joseph Yam says.
Sudan, Chad sign peace dealMr Yam told the media today stock and debt markets' performances have been poor in the past few weeks due to an uncertain interest-rate trend.
Amid such an unfavourable investment environment, the authority will adopt a more long-term investment strategy to minimise the short-term book loss.
He believed it is good for the US Federal Reserve to maintain the current interest rate, but whether the decision will have a positive effect on inflation remains to be seen.
news.gov.hk
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