China halves stamp duty on stock trades to boost flagging market

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

BEIJING (Reuters) - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBEIJING - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery sputters in the world's second-biggest economy.

Reuters reported on Friday that the authorities were planning to cut the duty by up to half after a key share index fell to nine-month lows. China's leaders vowed late last month to reinvigorate the stock market, also the world's second-largest, which has been reeling as the post-pandemic recovery flags and a debt crisis in the property market deepens.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines