The Hong Kong Monetary Authority (HKMA) intervenes in the markets again today to defend the peg to US Dollar. HKD 3.59b (USD 457m) was bought by HKMA (at around 3pm HKT) as the currency remains persistently weak and continues to press its trading band.
This is the fifth action intervention in recent period and the first time that happens during HK stock trading house. Accumulatively, HKMA bought HKD 13.55b in total.
