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What are you doing to protect yourself from US/China trade war?

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  1. #31
    Original Post Deleted
    Agree then there's the possibility (probability?) that China would not accept the HKD/USD peg being broken under pressure from the USA and support the peg (either openly or behind the scenes) - if so then it's not just HK's reserves but the PRC's standing behind it.

  2. #32
    Original Post Deleted
    They're getting closer already - the one month rates for my USD and HKD margin facilities are currently around 3.60% and 3.05% respectively.

  3. #33

    Join Date
    Mar 2010
    Posts
    1,194
    Original Post Deleted
    so you think of interest on deposits would make the world pour money into the HKD ?

    So after the US's OFAC takes action, and all US financial institutions are not allowed to hold HK/China securities, and lets assume that the sanctions don't cover holding HKD/RMB.... people would start buying the HKD for interest rates.... ?

    The world is full of shitty currencies and markets which aren't on the sanction list.... and you think people would come here to prop the peg?

    Are you by any chance long HKD?

  4. #34
    Quote Originally Posted by traineeinvestor:
    Another dose of pessimism, this time from the Chairman of Hon Hai: Terry Gou Warns: Bigger Financial Tsunami Coming AASTOCKS Financial News - Popular News

    FWIW, I used some spare cash to partially pay down one of our loans last week and will be doing the same again this week.
    If your loan is in HKD maybe that was a mistake

    Regarding Hon Hai - they are more exposed than most - Apple and Huawei being their biggest customers.

    https://www.ft.com/content/e2f36506-...8-86cea8523dc2
    Fenix2 likes this.

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