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KhorChinGuan
2021-02-24
Read / Stay strong
Hong Kong shares slump most in 9 months on stamp duty hike
KhorChinGuan
2021-02-24
Wow Good
Sorry, the original content has been removed
KhorChinGuan
2021-02-10
Mutual positive gain.
Apple partners with TSMC to develop ultra-advanced displays - Nikkei
Go to Tiger App to see more news
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There's no future,\" said a commentator posting as Blind Tortoise Touching the Elephant.</p>\n<p>The stamp duty tax hike could impact earnings and sentiment around exchange operator Hong Kong Exchanges and Clearing Ltd (HKEX) in the near term, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts said in a note, despite the strong earnings it reported on Wednesday.</p>\n<p>HKEX shares plunged as much as 11% in the afternoon session before trimming losses to end 8.69% lower.</p>\n<p>Chinese A-shares also closed lower on Wednesday, with the benchmark Shanghai stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong shares slump most in 9 months on stamp duty hike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong shares slump most in 9 months on stamp duty hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-24 17:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 24 (Reuters) - Hong Kong shares posted their worst daily performance in more than nine months on Wednesday after the city announced a hike in stamp duty on stock trading, prompting huge outflows of mainland cash.</p>\n<p>The Hang Seng index closed down 2.99% at 29,718.24, its biggest daily percentage drop since May 22, 2020. The Hang Seng China Enterprises index fell 3.36% to 11,509.73.</p>\n<p>\"The market had been under selling pressure, especially selling of those tech, high-valuation shares. And the news regarding the stamp duty just sped up the selling,\" said Steven Leung, executive director, institutional sales at UOB Kay Hian in Hong Kong.</p>\n<p>The stamp duty will rise to 0.13% of the value of the transaction from the current 0.1% on Aug. 1, Hong Kong Financial Secretary Paul Chan announced in his annual budget speech.</p>\n<p>Refinitiv data showed outflows of HK$13 billion through the southbound leg of the Stock Connect programme linking Hong Kong with the Shanghai and Shenzhen exchanges as mainland investors dumped shares, likely a record, said Yan Kaiwen, an analyst with China Fortune Securities.</p>\n<p>Chinese retail investors, who refer to themselves self-deprecatingly as \"chives\", have helped to propel Hong Kong shares to recent highs on record inflows from mainland investors through Stock Connect.</p>\n<p>On Wednesday, some investors on China's Reddit-like Xueqiu investor community decried the move.</p>\n<p>\"Hong Kong's chive-mowing mentality is really inveterate. There's no future,\" said a commentator posting as Blind Tortoise Touching the Elephant.</p>\n<p>The stamp duty tax hike could impact earnings and sentiment around exchange operator Hong Kong Exchanges and Clearing Ltd (HKEX) in the near term, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts said in a note, despite the strong earnings it reported on Wednesday.</p>\n<p>HKEX shares plunged as much as 11% in the afternoon session before trimming losses to end 8.69% lower.</p>\n<p>Chinese A-shares also closed lower on Wednesday, with the benchmark Shanghai stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113363773","content_text":"Feb 24 (Reuters) - Hong Kong shares posted their worst daily performance in more than nine months on Wednesday after the city announced a hike in stamp duty on stock trading, prompting huge outflows of mainland cash.\nThe Hang Seng index closed down 2.99% at 29,718.24, its biggest daily percentage drop since May 22, 2020. The Hang Seng China Enterprises index fell 3.36% to 11,509.73.\n\"The market had been under selling pressure, especially selling of those tech, high-valuation shares. 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There's no future,\" said a commentator posting as Blind Tortoise Touching the Elephant.\nThe stamp duty tax hike could impact earnings and sentiment around exchange operator Hong Kong Exchanges and Clearing Ltd (HKEX) in the near term, Morgan Stanley analysts said in a note, despite the strong earnings it reported on Wednesday.\nHKEX shares plunged as much as 11% in the afternoon session before trimming losses to end 8.69% lower.\nChinese A-shares also closed lower on Wednesday, with the benchmark Shanghai stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363794002,"gmtCreate":1614171038206,"gmtModify":1704889038712,"author":{"id":"3570854076652779","authorId":"3570854076652779","name":"KhorChinGuan","avatar":"https://static.tigerbbs.com/017652acec6f93e3e5037217b8e2398b","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570854076652779","authorIdStr":"3570854076652779"},"themes":[],"htmlText":"Wow Good ","listText":"Wow Good ","text":"Wow Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363794002","repostId":"1109259264","repostType":4,"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381351103,"gmtCreate":1612935442602,"gmtModify":1704876205543,"author":{"id":"3570854076652779","authorId":"3570854076652779","name":"KhorChinGuan","avatar":"https://static.tigerbbs.com/017652acec6f93e3e5037217b8e2398b","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570854076652779","authorIdStr":"3570854076652779"},"themes":[],"htmlText":"Mutual positive gain.","listText":"Mutual positive gain.","text":"Mutual positive gain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381351103","repostId":"2110091703","repostType":4,"repost":{"id":"2110091703","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1612928400,"share":"https://ttm.financial/m/news/2110091703?lang=&edition=fundamental","pubTime":"2021-02-10 11:40","market":"us","language":"en","title":"Apple partners with TSMC to develop ultra-advanced displays - Nikkei","url":"https://stock-news.laohu8.com/highlight/detail?id=2110091703","media":"Reuters","summary":"Feb 10 (Reuters) - Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop ult","content":"<p>Feb 10 (Reuters) - Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop ultra-advanced display technology in Taiwan, Nikkei Asia reported on Wednesday.</p><p>The iPhone maker plans to ultimately use these micro OLED displays in its upcoming augmented reality devices, the report said, citing sources. </p><p>Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report added.</p><p>The micro OLED project is currently at the trial production stage and it will take several years to achieve mass production, according to the report.</p><p>Both Apple and TSMC did not immediately respond to Reuters requests for comment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple partners with TSMC to develop ultra-advanced displays - Nikkei</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple partners with TSMC to develop ultra-advanced displays - Nikkei\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-10 11:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 10 (Reuters) - Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop ultra-advanced display technology in Taiwan, Nikkei Asia reported on Wednesday.</p><p>The iPhone maker plans to ultimately use these micro OLED displays in its upcoming augmented reality devices, the report said, citing sources. </p><p>Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report added.</p><p>The micro OLED project is currently at the trial production stage and it will take several years to achieve mass production, according to the report.</p><p>Both Apple and TSMC did not immediately respond to Reuters requests for comment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","09086":"华夏纳指-U","AAPL":"苹果","03086":"华夏纳指"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110091703","content_text":"Feb 10 (Reuters) - Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop ultra-advanced display technology in Taiwan, Nikkei Asia reported on Wednesday.The iPhone maker plans to ultimately use these micro OLED displays in its upcoming augmented reality devices, the report said, citing sources. Apple is collaborating with TSMC, the sole supplier of iPhone processors, as micro OLED displays are far thinner, smaller and use less power, making them more suitable for use in wearable AR devices, the report added.The micro OLED project is currently at the trial production stage and it will take several years to achieve mass production, according to the report.Both Apple and TSMC did not immediately respond to Reuters requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":363739999,"gmtCreate":1614171298211,"gmtModify":1704889043079,"author":{"id":"3570854076652779","authorId":"3570854076652779","name":"KhorChinGuan","avatar":"https://static.tigerbbs.com/017652acec6f93e3e5037217b8e2398b","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570854076652779","idStr":"3570854076652779"},"themes":[],"htmlText":"Read / Stay strong","listText":"Read / Stay strong","text":"Read / Stay strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363739999","repostId":"2113363773","repostType":4,"repost":{"id":"2113363773","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1614157894,"share":"https://ttm.financial/m/news/2113363773?lang=&edition=fundamental","pubTime":"2021-02-24 17:11","market":"hk","language":"en","title":"Hong Kong shares slump most in 9 months on stamp duty hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2113363773","media":"Reuters","summary":"Feb 24 (Reuters) - Hong Kong shares posted their worst daily performance in more than nine months on","content":"<p>Feb 24 (Reuters) - Hong Kong shares posted their worst daily performance in more than nine months on Wednesday after the city announced a hike in stamp duty on stock trading, prompting huge outflows of mainland cash.</p>\n<p>The Hang Seng index closed down 2.99% at 29,718.24, its biggest daily percentage drop since May 22, 2020. The Hang Seng China Enterprises index fell 3.36% to 11,509.73.</p>\n<p>\"The market had been under selling pressure, especially selling of those tech, high-valuation shares. And the news regarding the stamp duty just sped up the selling,\" said Steven Leung, executive director, institutional sales at UOB Kay Hian in Hong Kong.</p>\n<p>The stamp duty will rise to 0.13% of the value of the transaction from the current 0.1% on Aug. 1, Hong Kong Financial Secretary Paul Chan announced in his annual budget speech.</p>\n<p>Refinitiv data showed outflows of HK$13 billion through the southbound leg of the Stock Connect programme linking Hong Kong with the Shanghai and Shenzhen exchanges as mainland investors dumped shares, likely a record, said Yan Kaiwen, an analyst with China Fortune Securities.</p>\n<p>Chinese retail investors, who refer to themselves self-deprecatingly as \"chives\", have helped to propel Hong Kong shares to recent highs on record inflows from mainland investors through Stock Connect.</p>\n<p>On Wednesday, some investors on China's Reddit-like Xueqiu investor community decried the move.</p>\n<p>\"Hong Kong's chive-mowing mentality is really inveterate. There's no future,\" said a commentator posting as Blind Tortoise Touching the Elephant.</p>\n<p>The stamp duty tax hike could impact earnings and sentiment around exchange operator Hong Kong Exchanges and Clearing Ltd (HKEX) in the near term, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts said in a note, despite the strong earnings it reported on Wednesday.</p>\n<p>HKEX shares plunged as much as 11% in the afternoon session before trimming losses to end 8.69% lower.</p>\n<p>Chinese A-shares also closed lower on Wednesday, with the benchmark Shanghai stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong shares slump most in 9 months on stamp duty hike</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong shares slump most in 9 months on stamp duty hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-24 17:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 24 (Reuters) - Hong Kong shares posted their worst daily performance in more than nine months on Wednesday after the city announced a hike in stamp duty on stock trading, prompting huge outflows of mainland cash.</p>\n<p>The Hang Seng index closed down 2.99% at 29,718.24, its biggest daily percentage drop since May 22, 2020. The Hang Seng China Enterprises index fell 3.36% to 11,509.73.</p>\n<p>\"The market had been under selling pressure, especially selling of those tech, high-valuation shares. And the news regarding the stamp duty just sped up the selling,\" said Steven Leung, executive director, institutional sales at UOB Kay Hian in Hong Kong.</p>\n<p>The stamp duty will rise to 0.13% of the value of the transaction from the current 0.1% on Aug. 1, Hong Kong Financial Secretary Paul Chan announced in his annual budget speech.</p>\n<p>Refinitiv data showed outflows of HK$13 billion through the southbound leg of the Stock Connect programme linking Hong Kong with the Shanghai and Shenzhen exchanges as mainland investors dumped shares, likely a record, said Yan Kaiwen, an analyst with China Fortune Securities.</p>\n<p>Chinese retail investors, who refer to themselves self-deprecatingly as \"chives\", have helped to propel Hong Kong shares to recent highs on record inflows from mainland investors through Stock Connect.</p>\n<p>On Wednesday, some investors on China's Reddit-like Xueqiu investor community decried the move.</p>\n<p>\"Hong Kong's chive-mowing mentality is really inveterate. There's no future,\" said a commentator posting as Blind Tortoise Touching the Elephant.</p>\n<p>The stamp duty tax hike could impact earnings and sentiment around exchange operator Hong Kong Exchanges and Clearing Ltd (HKEX) in the near term, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts said in a note, despite the strong earnings it reported on Wednesday.</p>\n<p>HKEX shares plunged as much as 11% in the afternoon session before trimming losses to end 8.69% lower.</p>\n<p>Chinese A-shares also closed lower on Wednesday, with the benchmark Shanghai stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113363773","content_text":"Feb 24 (Reuters) - Hong Kong shares posted their worst daily performance in more than nine months on Wednesday after the city announced a hike in stamp duty on stock trading, prompting huge outflows of mainland cash.\nThe Hang Seng index closed down 2.99% at 29,718.24, its biggest daily percentage drop since May 22, 2020. The Hang Seng China Enterprises index fell 3.36% to 11,509.73.\n\"The market had been under selling pressure, especially selling of those tech, high-valuation shares. And the news regarding the stamp duty just sped up the selling,\" said Steven Leung, executive director, institutional sales at UOB Kay Hian in Hong Kong.\nThe stamp duty will rise to 0.13% of the value of the transaction from the current 0.1% on Aug. 1, Hong Kong Financial Secretary Paul Chan announced in his annual budget speech.\nRefinitiv data showed outflows of HK$13 billion through the southbound leg of the Stock Connect programme linking Hong Kong with the Shanghai and Shenzhen exchanges as mainland investors dumped shares, likely a record, said Yan Kaiwen, an analyst with China Fortune Securities.\nChinese retail investors, who refer to themselves self-deprecatingly as \"chives\", have helped to propel Hong Kong shares to recent highs on record inflows from mainland investors through Stock Connect.\nOn Wednesday, some investors on China's Reddit-like Xueqiu investor community decried the move.\n\"Hong Kong's chive-mowing mentality is really inveterate. There's no future,\" said a commentator posting as Blind Tortoise Touching the Elephant.\nThe stamp duty tax hike could impact earnings and sentiment around exchange operator Hong Kong Exchanges and Clearing Ltd (HKEX) in the near term, Morgan Stanley analysts said in a note, despite the strong earnings it reported on Wednesday.\nHKEX shares plunged as much as 11% in the afternoon session before trimming losses to end 8.69% lower.\nChinese A-shares also closed lower on Wednesday, with the benchmark Shanghai stock index witnessing its biggest daily drop in seven months, as investors worried about high valuations amid growing concerns of tightening in policies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363794002,"gmtCreate":1614171038206,"gmtModify":1704889038712,"author":{"id":"3570854076652779","authorId":"3570854076652779","name":"KhorChinGuan","avatar":"https://static.tigerbbs.com/017652acec6f93e3e5037217b8e2398b","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570854076652779","idStr":"3570854076652779"},"themes":[],"htmlText":"Wow Good ","listText":"Wow Good ","text":"Wow Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363794002","repostId":"1109259264","repostType":4,"repost":{"id":"1109259264","kind":"news","pubTimestamp":1614161749,"share":"https://ttm.financial/m/news/1109259264?lang=&edition=fundamental","pubTime":"2021-02-24 18:15","market":"us","language":"en","title":"Here’s How Much Wealth You Need to Join the Richest 1% Globally","url":"https://stock-news.laohu8.com/highlight/detail?id=1109259264","media":"Bloomberg","summary":"It takes $8 million in Monaco, but about half that amount in the U.S. and Switzerland. Singapore too","content":"<p>It takes $8 million in Monaco, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows.</p>\n<p>Joining the ranks of the richest 1% is never easy, but it’s especially hard in Monaco.</p>\n<p>You need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don’t pay income taxes, according to research on more than two-dozen locations by Knight Frank.</p>\n<p>Switzerland and the U.S. have the next highest entry points, requiring fortunes of $5.1 million and $4.4 million, respectively, according to the property broker’s 2021 Wealth Report. In Singapore, $2.9 million will get you over the threshold.</p>\n<p>“You can clearly see the influence of tax policy at the top,” said Liam Bailey, Knight Frank’s global head of research. “Then you have the sheer breadth and depth of the U.S. market.”</p>\n<p><img src=\"https://static.tigerbbs.com/f113e2737462c14ccffbc65f8663cd26\" tg-width=\"933\" tg-height=\"764\"></p>\n<p>The findings underscore how the pandemic has widened the gap between rich and poor nations. The entry point for Monaco’s richest 1% is almost 400 times greater than in Kenya, the lowest ranked of 30 locations in Knight Frank’s study. The World Bank estimates 2 million people in that African nation have fallen into poverty due to the Covid-19 crisis. Meanwhile, the world’s 500 wealthiest people added $1.8 trillion to their fortunes last year, according to the Bloomberg Billionaires Index, with U.S.-based technology entrepreneurs Elon Musk and Jeff Bezos gaining the most.</p>\n<p>The U.S. leads in the number of ultra-rich individuals even as wealth growth has surged recently in Asia-Pacific locations such as China and Hong Kong, according to the report. The region’s richest billionaires are now worth a combined $2.7 trillion, data compiled by Bloomberg show, or more than triple the amount at the end of 2016. Asia Pacific is forecast to continue outpacing global growth in ultra-high net-worth individuals from 2020 to 2025, with the number of people with more than $30 million climbing 33% led by India and Indonesia, according to Knight Frank.</p>\n<p>Singapore is also expected to see a surge, though the city-state is already a hub for many of the world’s super-rich for reasons ranging from its high standard of living to strict privacy rules. The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, while British billionaire James Dyson has already relocated his family investment firm there.</p>\n<p>“Asia Pacific’s foothold as host to the world’s leading wealth hubs continues to strengthen,” said Victoria Garrett, Knight Frank’s head of residential for the region.</p>\n<p><img src=\"https://static.tigerbbs.com/679416bb2f925b27a304a8d205649d43\" tg-width=\"939\" tg-height=\"690\"></p>\n<p>Outsized gains among the rich and escalating costs for governments arising from the virus crisis have led some nations to introduce or explore wealth taxes. More than a third of advisers to wealthy individuals surveyed for Knight Frank’s report cited tax issues as a main concern for their clients.</p>\n<p>“Governments have spent a lot, and we’re now in a similar situation to after the financial crisis when there was a growing sense of: ‘Who’s going to pay for all of this?’” Bailey said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s How Much Wealth You Need to Join the Richest 1% Globally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s How Much Wealth You Need to Join the Richest 1% Globally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 18:15 GMT+8 <a href=http://bloomberg.com/news/articles/2021-02-24/richest-1-in-the-world-how-much-net-worth-it-takes-to-join-ranks-of-wealthiest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It takes $8 million in Monaco, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows.\nJoining the ranks of the richest 1% is never easy, but it...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-24/richest-1-in-the-world-how-much-net-worth-it-takes-to-join-ranks-of-wealthiest\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","000001.SH":"上证指数",".IXIC":"NASDAQ Composite","HSI":"恒生指数","STI.SI":"富时新加坡海峡指数",".DJI":"道琼斯"},"source_url":"http://bloomberg.com/news/articles/2021-02-24/richest-1-in-the-world-how-much-net-worth-it-takes-to-join-ranks-of-wealthiest","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109259264","content_text":"It takes $8 million in Monaco, but about half that amount in the U.S. and Switzerland. Singapore too has a high threshold, a new report shows.\nJoining the ranks of the richest 1% is never easy, but it’s especially hard in Monaco.\nYou need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don’t pay income taxes, according to research on more than two-dozen locations by Knight Frank.\nSwitzerland and the U.S. have the next highest entry points, requiring fortunes of $5.1 million and $4.4 million, respectively, according to the property broker’s 2021 Wealth Report. In Singapore, $2.9 million will get you over the threshold.\n“You can clearly see the influence of tax policy at the top,” said Liam Bailey, Knight Frank’s global head of research. “Then you have the sheer breadth and depth of the U.S. market.”\n\nThe findings underscore how the pandemic has widened the gap between rich and poor nations. The entry point for Monaco’s richest 1% is almost 400 times greater than in Kenya, the lowest ranked of 30 locations in Knight Frank’s study. The World Bank estimates 2 million people in that African nation have fallen into poverty due to the Covid-19 crisis. Meanwhile, the world’s 500 wealthiest people added $1.8 trillion to their fortunes last year, according to the Bloomberg Billionaires Index, with U.S.-based technology entrepreneurs Elon Musk and Jeff Bezos gaining the most.\nThe U.S. leads in the number of ultra-rich individuals even as wealth growth has surged recently in Asia-Pacific locations such as China and Hong Kong, according to the report. The region’s richest billionaires are now worth a combined $2.7 trillion, data compiled by Bloomberg show, or more than triple the amount at the end of 2016. Asia Pacific is forecast to continue outpacing global growth in ultra-high net-worth individuals from 2020 to 2025, with the number of people with more than $30 million climbing 33% led by India and Indonesia, according to Knight Frank.\nSingapore is also expected to see a surge, though the city-state is already a hub for many of the world’s super-rich for reasons ranging from its high standard of living to strict privacy rules. The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, while British billionaire James Dyson has already relocated his family investment firm there.\n“Asia Pacific’s foothold as host to the world’s leading wealth hubs continues to strengthen,” said Victoria Garrett, Knight Frank’s head of residential for the region.\n\nOutsized gains among the rich and escalating costs for governments arising from the virus crisis have led some nations to introduce or explore wealth taxes. More than a third of advisers to wealthy individuals surveyed for Knight Frank’s report cited tax issues as a main concern for their clients.\n“Governments have spent a lot, and we’re now in a similar situation to after the financial crisis when there was a growing sense of: ‘Who’s going to pay for all of this?’” Bailey said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381351103,"gmtCreate":1612935442602,"gmtModify":1704876205543,"author":{"id":"3570854076652779","authorId":"3570854076652779","name":"KhorChinGuan","avatar":"https://static.tigerbbs.com/017652acec6f93e3e5037217b8e2398b","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570854076652779","idStr":"3570854076652779"},"themes":[],"htmlText":"Mutual positive gain.","listText":"Mutual positive gain.","text":"Mutual positive gain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381351103","repostId":"2110091703","repostType":4,"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
