Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers — a move that has already sent asking prices there downward. But Hong Kong’s real estate risks are dwa…
In Asia Monday Hong Kong’s Hang Seng Index rose 1.2%, boosted by huge property sales over the holiday weekend. Meanwhile, Japan’s Nikkei 225 Index inched down 0.2%. Markets in China were closed following National Day celebratio…
In Asia Moday Hong Kong’s Hang Seng Index remained unchanged at 21,977 and China’s Shanghai Composite edged down 0.4% to 2,588. Markets in Japan were closed today in celebration of Respect for the Aged Day.
Con…