Why Is Hong Kong Taking the Hardest Hit From the US Yield Surge?

Crypto Insight Summary: Hong Kong stocks fell as much as 3% Friday as the US yield surge hit through the HKD peg, with mainland markets shut. Crypto Insight Analysis: Direction: Bearish GT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: US yield surge pressures HKD peg, affecting Hong Kong market sentiment.