China’s stock indexes see-saw as miscued comments over stamp duty cut sends legions of day traders into short-lived frenzy

//China’s stock indexes see-saw as miscued comments over stamp duty cut sends legions of day traders into short-lived frenzy

China’s stock indexes see-saw as miscued comments over stamp duty cut sends legions of day traders into short-lived frenzy

China’s proposed move to lower stamp duty has been misinterpreted by some investors that it could lead to a cut in trading costs, despite there being no such mention, analysts said.At a press conference on Friday, Zang Tiewei, a spokesman for the National People’s Congress Standing Committee, the nation’s top legislative body, said that there were plans to amend the draft deliberations on laws related to stamp duty, such as lowering the rate and defining the scope of the levy. While Zang’s…

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By | 2021-06-04T12:15:10+00:00 June 4th, 2021|Business|Comments Off on China’s stock indexes see-saw as miscued comments over stamp duty cut sends legions of day traders into short-lived frenzy