Hong Kong Exchange Fund Jan-Sept investment losses 83.3 bln hkd.

(From AFX Europe (Focus))

HONG KONG (XFN-ASIA) - The Exchange Fund recorded investment losses of 83.3 bln hkd in the first nine months to September due to the slump in local and foreign equity markets, the Hong Kong Monetary Authority (HKMA) said.

In the third quarter alone, investment losses amounted 48.3 bln hkd, more than the 35 bln hkd losses recorded in the first half, the city's de facto central bank said.

In the first three quarters, the Exchange Fund sustained losses of 56.9 bln hkd on its investments in local equities and 43.2 bln on investments in other …