HKEX Plunges Most Since 2015 on Stamp Duty Increase

Hong Kong Exchanges & Clearing Ltd. shares plunged as the city unveiled its first increase to the stamp duty on stock trades since 1993. The shares lost as much as 9.3% on Wednesday, the biggest decline since a bubble in China’s stock market was bursting in 2015. The Hong Kong Economic Times said in a… Continue reading HKEX Plunges Most Since 2015 on Stamp Duty Increase

Tencent’s $251 Billion Rally Triggers Frenzy in Shares, Options

Hong Kong’s equity traders can’t get enough of Tencent Holdings Ltd., the $950 billion giant that’s on pace for its biggest ever monthly gain. They’re paying up for bullish derivatives tracking the Chinese internet firm, buying thousands of January call options that expire Thursday. The price of one Tencent contract — which bets the stock… Continue reading Tencent’s $251 Billion Rally Triggers Frenzy in Shares, Options