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Friday, September 21, 2018

Hong Kong is going to raise interest rate soon.

https://www.bloombergquint.com/global-economics/2018/09/21/hong-kong-s-dollar-suddenly-strengthens-by-the-most-in-a-year#gs.J3fp_KQ

This is bad news for interest-rate sensitive industries especially for the property industry because HSI is heavily weighted towards the property stocks.

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