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    Hong Kong Exchange Fund records smallest gain in 5 quarters amid Middle East crisis

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    Source: South China Morning Post
    Published: 2026-05-04 12:12 UTC+10:00
    Section: Hong Kong
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Business, Middle East, Military & Defence, China, Business & Economy, War & Conflict
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    Snippet:
    The war chest used to defend the city’s currency takes a hit as conflicts in Middle East prompt investors to move from stocks to safer assets
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