Weekly Digest: HKMA Exchange Fund results; KIC mulls Asia alts increase

TOP NEWS OF THE WEEK The Hong Kong Monetary Authority Exchange Fund posted a HK$97.9 billion (US$12.5 billion)  return in the first quarter of 2023, marking two consecutive quarters of positive return after record losses in 2022, the city’s de facto central bank said. Bonds and foreign exchange were the best performers, while stocks also contributed to the positive result. The $HK97.9 billion first-quarter gain erased close to half of the fund’s total HK$202.4 billion losses i…