Hong Kong markets suffer a beating as traders dump richly valued tech and consumer stocks and mainland funds head for the exits. A government plan to raise stock trading fees also worsens sentiment. Photo: AP Hong Kong markets suffer a beating as traders dump richly valued tech and consumer stocks and mainland funds head for the exits. A government plan to raise stock trading fees also worsens sentiment. Photo: AP
Hong Kong markets suffer a beating as traders dump richly valued tech and consumer stocks and mainland funds head for the exits. A government plan to raise stock trading fees also worsens sentiment. Photo: AP
Stocks

Hong Kong stocks sink in biggest sell-off since May as city raises trading fees, mainland funds exit by record amounts

  • Bourse operator HKEX was the biggest drag on Hang Seng Index, as government raises stock trading fees for the first time since 1993
  • Mainland funds sold a record HK$20 billion of shares and investors ignored Fed’s dovish comment on policy support amid rising bond yields

Topic |   Stocks
Hong Kong markets suffer a beating as traders dump richly valued tech and consumer stocks and mainland funds head for the exits. A government plan to raise stock trading fees also worsens sentiment. Photo: AP Hong Kong markets suffer a beating as traders dump richly valued tech and consumer stocks and mainland funds head for the exits. A government plan to raise stock trading fees also worsens sentiment. Photo: AP
Hong Kong markets suffer a beating as traders dump richly valued tech and consumer stocks and mainland funds head for the exits. A government plan to raise stock trading fees also worsens sentiment. Photo: AP
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