Hong Kong's first trading tax hike since 1993 pummels stocks

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There was a heavy selloff overnight. Stocks in Hong Kong tumbled out of the city announced plans to hike the tax rate on stock trading and Bloomberg's Julie had suddenly joins us from Singapore with the details. Good morning, Juliet. Good morning, Karen. The planned increase was part of a raft of new measures unveiled in Hong Kong is budgets and sources in Hong Kong Exchanges plunge the most since the stock bubble burst back in 2015. Chinese investors sold a record $2.6 billion worth of Hong Kong stocks poised for a record the Hang Sang index posting its biggest one day the client since May. China Sea aside 300 down 2.5% in Tokyo The Nikkei Down more than 1.5% after resuming trade following Tuesday's holiday in

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