Hong Kong Becomes World’s Must-Watch Market as Easy Money Ends
- City is exposed to Fed policy and China’s economic slowdown
- Signs of financial stress are building as outflows quicken
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For global investors trying to gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market.
Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices -- the Federal Reserve’s rapidly tightening monetary policy and China’s sputtering economy.