HK, mainland stocks soar on stamp duty cut - RTHK
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HK, mainland stocks soar on stamp duty cut

2023-08-28 HKT 09:46
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  • The Hang Seng Index rose almost three percent in the opening minutes. File photo: RTHK
    The Hang Seng Index rose almost three percent in the opening minutes. File photo: RTHK
Hong Kong stocks opened sharply higher on Monday, and equities also gained sharply on the mainland after Chinese authorities slashed stamp duty on stock trades for the first time since 2008.

The Hang Seng Index soared 2.9 percent to 18,484.

The Shanghai Composite Index surged 5.1 percent to 3,219, while the Shenzhen Composite Index jumped 5.6 percent to 1,987.

HK, mainland stocks soar on stamp duty cut