Hong Kong's first trading tax hike since 1993 pummels stocks

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The planned trading-tax increase to 0.13% from 0.10% was part of a raft of new measures announced in Hong Kong’s budget.

The planned trading-tax increase to 0.13 per cent from 0.10 per cent was part of a raft of new measures announced in Hong Kong’s budget that included increased spending to help residents weather the pandemic.

 

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