Hong Kong Typhoon Trading Halts Sail Into The Sunset
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Hong Kong will implement a new rule on Sept. 23 to keep its stock market open during severe weather events, aligning with global practices. Analysts believe this will have limited impact on trading volumes, suggesting that measures like reducing trading taxes could be more effective in attracting investors.
September 20, 2024 | 1:54 pm
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NEUTRAL IMPACT
Hong Kong Exchanges and Clearing Ltd. will keep the stock market open during severe weather events starting Sept. 23. This aligns with global practices but is expected to have limited impact on trading volumes.
The new rule aligns HKXCF with global practices, potentially enhancing its competitiveness. However, analysts expect limited impact on trading volumes, as the market closures were infrequent and trades were only delayed, not canceled.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80