- Global markets are showing declines amid weak Chinese economic data and hawkish signals from the Fed, affecting rate-sensitive markets like Hong Kong.
- China seeks to establish Hong Kong as a gold trading market while weak US job data influences Fed rate hike expectations.
- Hong Kong increases its share of Chinese gold imports, utilizing Russia as a primary gold export channel following London's market closure.
Russia is using Hong Kong as a shadow fleet hub while China and India remain primary customers for Russian oil.
1 report, 1 independent
Updated Sep 11
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What happened
Russia is using Hong Kong as a shadow fleet hub while China and India remain primary customers for Russian oil.