Against the backdrop of escalating US tariffs and global trade jitters, Hong Kong’s financial markets are showing remarkable resilience. Despite recent volatility, key indicators point to a market that’s operating smoothly and efficiently.
Darryl Chan, deputy chief executive of the Hong Kong Monetary Authority (HKMA), acknowledged that the trade war initiated by the US has stirred significant turbulence. “This is certainly not a positive development,” he said, noting that the conflict could weigh on global economic trade over the long term.
As one of the world’s most open financial hubs, Hong Kong maintains ample liquidity across exchange-rate and interest-rate markets. In fact, funds seeking safe havens have driven a slight strengthening of the Hong Kong dollar, underscoring its appeal during uncertain times.
The stock market has weathered price fluctuations without skipping a beat. Trading volumes remain robust, and overall orderliness prevails. At the same time, the HKMA is keeping a close eye on derivatives markets and has detected no abnormalities. The banking system, Chan reports, continues to operate without disruption.
These developments reinforce Hong Kong’s role as a stable gateway for global capital. As uncertainty looms elsewhere, the city’s financial framework appears up to the task, offering confidence to investors and businesses around the globe.
Reference(s):
Hong Kong financial system operating smoothly amid US tariff turmoil
cgtn.com
