Hong Kong Markets Closed for SAR Establishment Day Holiday

Hong Kong financial markets remain closed today in observance of the Hong Kong Special Administrative Region Establishment Day, commemorating the 1997 transfer of sovereignty from Great Britain to China. This closure affects all HKD currency pairs and reduces overall Asian market liquidity during the trading session. The absence of Hong Kong's major financial hub may lead to thinner trading conditions for USD/HKD, which typically trades around the 7.80-7.85 range under the city's currency peg system. Regional pairs including AUD/HKD and NZD/HKD may experience wider spreads and reduced volumes. Traders should note that normal market operations will resume on Tuesday, with potential for increased volatility as participants return. The holiday closure coincides with the start of Q3 trading, potentially delaying position adjustments in Asian currency markets.