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ZHOK - The Hong Kong Dollar Has Kept Up In Forex Markets Despite The Protests
SPDR Solactive Hong Kong ETF
The situation in Hong Kong has recently worsened as the protests have become violent. Protesters have resorted to employing Molotov cocktails and primitive weapons such as bricks and bows and arrows along with make-shift catapults. The police may soon start using live ammunition. More than a thousand protesters have been arrested. Investors could use their Hong Kong dollars, which are still fetching a good price and buy Swiss francs and/or US dollars as a temporary hedging move.
The HKD Has Not Depreciated
Taking a look at the exchange rate, it seems as if the Hong