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Hong Kong to cut stamp duty on stock trading to 0.10% from 0.13%

Hong Kong to cut stamp duty on stock trading to 0.10% from 0.13%
That's another way to prop up the market I guess, after pretty much one-way traffic in the Hang Seng (and Chinese stocks) since the start of the year. There was a gap higher today with the open being 2.7% higher than yesterday's close but the index has trimmed gains to 1.2% now before the announcement, which comes during the lunch break. Overall, the Hang Seng is still down roughly 13% on the year though.I reckon with China fearing that their liquidity pumps are moving to offshore and unconventi... Read More
Posted: Oct 25 2023, 04:19
Author Name: forexlive
Views: 112275

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