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Stocks plummet as tax increase takes effect |
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Chinese shares plunged yesterday, suffering their biggest loss in three months after the government tripled the tax on stock trading in a bid to apply the brakes to the recent rollercoaster rally.
The tumble |
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Share correction seen but drastic fall unlikely |
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The rise on Tuesday in stamp duty on share trading will see a correction in China's red-hot stock market but any decline will not likely be drastic and won't hit the market's long-term upward trend, economists and |
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Chinese shares continue to dive after trading tax hike |
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Chinese shares continued a downward adjustment on Thursday morning, with the benchmark Shanghai Composite Index opening at 4,006.28 points, down 46.81 points, or 1.15 percent.
The tripling of the |
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Trading tax hike triggers mixed response |
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Many small investors are likely to continue their stock market forays despite disillusionment among a few over the tripling of the stamp tax on trading that prompted the sharpest dive in three months on Wednesday. |
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Hong Kong stocks plunge on mainland's stamp duty hike |
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Hong Kong share prices stocks closed sharply lower on Wednesday in volatile trade following a stamp duty hike in the Chinese mainland aiming at curb speculation in the red-hot market.
Hang Seng |
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Stocks dive 6.5% following stamp tax hike |
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Stocks on the Chinese mainland tumbled the most in three months after the government tripled the tax on securities transactions to cool a rally that's drawing more than 300,000 new investors a day.
The |
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Chinese shares plunge by more than 6 pct on May 30 |
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All three major indices of Chinese equity markets nosedived Wednesday by more than six percent, as the government sent out a strong signal to cool the stock market by imposing a higher stamp tax on securities |
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Chinese shares open lower after stamp tax hike |
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Chinese shares started lower on Wednesday, the first day after the government raised the stamp tax on securities trading from 0.1 percent to 0.3 percent.
The benchmark Shanghai Composite Index opened |
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China raises stamp tax on securities to cool stock market |
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China will raise the stamp tax on securities trading from the current 0.1 percent to 0.3 percent beginning May 30, the Ministry of Finance said Tuesday night.
An official with the ministry said the |
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