Hong Kong to cut home purchase tax by 50%

Hong Kong will cut its home buying tax by half to 7.5%.

Info via local media.

Chinese mainland and Hong Kong stocks have been on a tear today due to stimulus announcements.

and China’s sovereign wealth fund buying ETFs:

This news on the HK home tax will give property sectroi stocks another tailwind

This article was written by Eamonn Sheridan at www.forexlive.com. Source