The recent weakness in USD triggered the so-called “Asian Financial Crisis in reverse.” Taiwan dollar notably surged 10% against the USD. What happened alongside the TWD appreciation was an outsized ...

The worst-hit was Hong Kong’s Hang Seng Index, which includes many mainland Chinese companies dependent on global trade. It closed 13.2% lower. That was the biggest single-day percentage drop since ...

HONG KONG (Reuters) - As one of the world's most important trade and business hubs, Hong Kong was always going to struggle this year because of the escalating U.S.-China tariff war. But after three ...

Following its 2024 Article IV Consultation with the Hong Kong Special Administrative Region (HKSAR), the International Monetary Fund (IMF) has recognized Hong Kong’s strong standing as an ...

Hong Kong officials will unveil plans to address the city's mounting challenges, including slower growth and a fiscal deficit, in the annual budget this week. Financial Secretary Paul Chan has hinted ...