Sun, 11 Apr 2021

Hong Kong stocks dive on stamp duty plan

24 Feb 2021, 21:13 GMT+10

Hong Kong shares ended with hefty losses Wednesday after the city's finance chief said he would hike stamp duty on equity trade for the first time in almost three decades.

The Hang Seng Index tumbled 2.99%, or 914.40 points, to 29 718.24.

The benchmark Shanghai Composite Index sank 1.99%, or 72.28 points, to 3 564.08, while the Shenzhen Composite Index on China's second exchange dropped 2.03%, or 48.73 points, to 2 347.28.

Source: News24

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