Around the World's Markets: Hong Kong

Thursday 06 August 1998 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

HONG KONG stocks fell to their lowest level since January 1995 under pressure from rising local bank rates, a weaker yen and poor company figures. The Hang Seng index fell 212 points to 7,254.36.

The yen tested its June low of 146 against the dollar, adding to fears that the weakness of the yen might persuade China to devalue the yuan and Hong Kong to devalue its dollar.

China intervened to support the yuan for the second time in a week and has often said it will not devalue.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Around the World's Markets: Hong Kong

Join our commenting forum

Thank you for registering