Switzerland based retail FX broker Dukascopy has announced that it has decided to reduce leverage on the CFD covering the Hong Kong share index HKG.IDX/HKD to the level of 1:10.

Dukascopy said it was making the move due to the increased geopolitical tensions around Hong-Kong.

This measure will become effective at 12:00 GMT, on Monday, 29 June 2020.

Dukascopy said that it invites all traders with open positions in HKG.IDX/HKD to consider the necessary adjustment of their exposure before this time.

The company also stated that the reduced leverage will stay in force until further notice.

Dukascopy had recently relaxed leverage available to its traders back to “normal” levels on most instruments, after cutting leverage and raising margin levels across-the-board in the wake of market volatility which hit due to the Covid-19 crisis.