Market Trends - Hong Kong interest rates are surging, disrupting the previously top-performing carry trade [1] - Local authorities implemented a cash squeeze to alleviate pressure on the city's long-standing currency peg [1]

From @WSJopinion: Some investors hope Hong Kong will give up its peg to the U.S. dollar. They’re likely to keep hoping, writes Joseph Sternberg. https://t.co/wyObNRgO9h ...