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Hong Kong stock

Higher share trading tax clouds outlook for Hong Kong exchange
Markets

Higher share trading tax clouds outlook for Hong Kong exchange

  • The announcement sent shares in Hong Kong Exchanges and Clearing (HKEX) down 11%. Its shares closed down 8.8% at HK$509, the biggest daily percentage fall in five-and-a-half years.
  • The city's budget deficit is expected to hit a record HK$257.6 billion ($33.2 billion) for 2020/21.
Published 24 Feb, 2021 06:44pm
Asian markets drop as rate fears trump Powell reassurances
Markets

Asian markets drop as rate fears trump Powell reassurances

  • "The mega-cap sectors and stocks that benefitted from the Covid-19 pandemic stay-at-home (SAH) environment, weak economic activity, and new lows in fixed income yields have been giving way" to the recovery theme, said Canaccord Genuity equity strategist Tony Dwyer, adding the selling could worsen.
Published 24 Feb, 2021 10:49am