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Yuan Squeeze Hits Hong Kong as Fragile Sentiment Spills to FX

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(Bloomberg) -- The cost to borrow the yuan in Hong Kong rose to the highest in almost two years, signaling its scarcity in the city — and reminding traders of a currency-strengthening tactic once employed by Beijing.Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stan

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Beijing , China , Hong Kong , Chinese , Stephen Chiu , Bloomberg Businessweek , Zhou Hao , Guotai Junan International In Hong Kong , People Bank , Bloomberg , Chinese New Year , Guotai Junan International , Yuan Devaluation ,

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