HONG KONG -- A recent jump in Hong Kong dollar borrowing costs is threatening to stifle early signs of recovery in the local real estate market and dampen the Hang Seng stock index's stellar performance for the year.
Markets
Hong Kong interest rate surge puts struggling economy to test
HIBOR climbs to three-month high, ending cheap credit and carry trade
The sudden upturn in the Hong Kong interbank offered rate signals the unwinding of a monthslong window for the so-called carry trade. © Reuters
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