Hong Kong unemployment rate much higher than expected 📌HK.cash gains

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Futures on Hang Seng (HK.cash) went slightly higher after the weaker than expected unemployment rate reading from Hong Kong which came in at 3.7% level vs 3.5% exp. and 3.5% previously. Investors clearly see the data as a dovish sign positive for equities, increasing chances for more dovish monetary policy and stimulus across the economy/

Source: xStation5

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