Analysts see Hong Kong peg under scrutiny

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The Hong Kong dollar reached its lowest level against the US dollar in nine years this week, prompting fears in some corners of a speculative attack against the city's currency peg, amid market turmoil in China.

The Hong Kong dollar has weakened 1% against the US dollar so far this year as investors have sought to limit exposure to riskier assets amid a global stock market rout. It fell to HK$7.825 against the greenback on Wednesday, the lowest level since 2007, but still within the official

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