$香港交易所(00388.HK)$ slid 0.5% at midday. After the Policy Address announced the reduction of stamp duty on stock transfer, the stock once recovered before falling again. It last printed at $283.4, down 2.28%. Volume amounted to 6.7937 million shares, involving $1.984 billion.
It is announced in the Policy Address that the Hong Kong government will reduce the rate of stamp duty on stock transfer from the...
SpyderCall楼主 : I see it now. It is a technical move. The price rejected a long-term fibonacci level.
102689729 : Look at Tencent you will know the news
SpyderCall楼主 102689729: OUCH! Another industry being killed by regulation. Happens all of the time. Didn't the government do something like this in the recent past where they limited the amount of time people could spend on online games? What are they saying is the reason this regulation this time?
102640653 : It’s look more like some sort of forced selling or margin call. Maybe it’s just a manipulation move to buy up cheap what u think .
SpyderCall楼主 102689729: that looks really bad. I dont remember the whole chinese market falling this much off of regulation news. Am I missing something? Are investors assuming more regulation will be coming soon?
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