HKEx gets feel-good factor amid HKMA interventions
Currency interventions by the city's de-facto central bank to maintain the dollar peg led to a jump in call warrants betting on HKEx's stock. It could spell good news for market turnover.
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Repeated intervention by Hong Kong’s de-facto central bank in the currency market last month to curb HK dollar strength saw Hong Kong Exchanges & Clearing (HKEx, code 388:HK) benefit in a somewhat unexpected way from the resulting surge in interbank liquidity.
More cash in the banking system generally has a positive impact on the HKEx, which operates the Hong Kong stock and futures exchanges, as investors have access to more money they can put to work, meaning more transaction…
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