Banks in Hong Kong borrowed HK$1.25 billion from the Hong Kong Monetary Authority via the discount window, the first instance in the Year of the Snake.

Following this, the total banking system's balance fell to HK$44.6 billion on Wednesday.

The Hong Kong dollar saw larger fluctuation in its exchange rate after the Trump Administration’s additional 10 percent tariff on Chinese goods took effect.

Hong Kong Interbank Offered Rates rebounded to a level of nearly 4 percent on Tuesday.