Stocks struggle to break past a six-week high as property developers slide after China expanded a trial to tax property owners in more cities. Photo: EPA-EFE
Stocks struggle to break past a six-week high as property developers slide after China expanded a trial to tax property owners in more cities. Photo: EPA-EFE

Hong Kong stocks struggle as property developers slide on China tax plan while oil firms and HSBC advance

  • China expanded a property-tax trial to more cities while a resurgence in Covid-19 cases kept risk appetite at bay
  • Oil firms advanced as Brent crude traded above US$85 a barrel on tighter supply outlook; HSBC gained after third-quarter earnings beat

Topic |   Hong Kong stock market
Stocks struggle to break past a six-week high as property developers slide after China expanded a trial to tax property owners in more cities. Photo: EPA-EFE
Stocks struggle to break past a six-week high as property developers slide after China expanded a trial to tax property owners in more cities. Photo: EPA-EFE
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