HKMA Exchange Fund 1Q Investment Gains HK$57.1 Billion

By Chester Yung Features Dow Jones Newswires

The fund that maintains the Hong Kong dollar's peg to the U.S. dollar registered an investment income of 57.1 billion Hong Kong dollars (US$7.33 billion) in the first quarter, up from HK$25.4 billion a year earlier, the Hong Kong Monetary Authority said Monday.

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The latest investment gains of Hong Kong Exchange Fund reversed an investment loss of HK$23.3 billion in the fourth quarter of 2016, thanks to a rally in major equities markets during the January-March period amid an improved global economic outlook, the city's de facto central bank said.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

May 29, 2017 01:00 ET (05:00 GMT)