Explain trading tax hike announcement

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Questions: On February 24, 2021, the Hong Kong stock market planned to raise the trading tax for the whole Hong Kong stock market (In its 2021-22 budget, the Hong Kong government announced that stamp duty on stock transfers will increase to 0.13% from 0.1%). Hong Kong's markets tumbled following the trading tax hike announcement?

The ongoing Covid-19 pandemic and China and US trade tensions have generated great uncertainties in capital and commodity markets, as well as in global supply chains networks, please identify the risks in those areas and the corresponding risk models from literatures, and propose risk management strategies?

Reference no: EM132943912

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