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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong M3 Money Supply climbed to 9.9% in September 2026
FMPMonthlyReleased September 2026
Hong Kong M3 Money Supply climbed to 9.9% in September 2026, up 4.4% from August's 5.5% reading.
Latest Release
9.900000
Actual
—
Consensus
5.500000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.79 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.65 | INDEX | Moves against | → View |
| USD/HKD | ▼ Inverse | −0.51 | FOREX | Moves against | → View |
| Nikkei 225 | ▼ Inverse | −0.32 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.29 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
M3 Money Supply (Hong Kong) was reported at 7.5% in October 2026. The reading fell from the previous value of 9.9%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 4.03%, ranging from 1% to 9.9% across 6 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 6%, up from the prior three at 2.07%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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M3 Money Supply - HK
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About M3 Money Supply — Hong Kong
DEFINITION
M3 Money Supply is a key financial indicator that measures the total amount of money in circulation within an economy. It includes all forms of money, such as cash, checking and savings deposits, and other liquid assets. This indicator is closely monitored by economists and policymakers as it provides insight into the overall health and stability of an economy. Changes in the M3 Money Supply can impact inflation, interest rates, and economic growth, making it an important tool for analyzing and forecasting economic trends.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 7.5 %. Prior reading (Aug 2026): 9.9 %. Before that (Jul 2026): 5.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Hang Seng (Bearish Hang Seng, r=-0.79) — a useful reference for index-focused traders.
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EXPECTED ZONE
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