Day: August 1, 2021

Trading tax hike adds to Hong Kong market gloom

HONG KONG — A move to reorient Hong Kong’s benchmark share index toward Chinese technology stocks was intended to reinvigorate interest and help investors capture growth in the country’s highest-profile growth sector. Instead, with China’s widening regulatory crackdown, the shift toward tech now threatens to bring the Hang Seng Index into bear market territory. A