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Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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[10x Research: The Preferred Tactical Trade Before The US Election Is To Go Long On Bitcoin And Short On Solana] According To CoinDesk, As The US Presidential Election Approaches, The Market Is Betting On The Possibility Of Large Price Fluctuations, Which May Pose Challenges To Trend Traders. In View Of This, 10x Research Recommends A Smart Hedging Transaction Involving Bitcoin And Solana As A Tactical Option To Deal With The Market Turmoil Caused By The Expected Election. 10x Research Founder Markus Thielen Said In A Report To Clients On Monday That Tactical Trading For The Election May Involve Going Long On Bitcoin And Shorting Solana. The Election Results Will Have A Profound Impact On Digital Assets, Including The Possible Approval Of US ETFs Linked To Alternative Cryptocurrencies Such As SOL. If Harris Wins, The Likelihood Of These ETFs Being Approved May Be Reduced, Which May Cause The Price Of Solana To Fall By 15%, While The Decline In Bitcoin May Be More Limited, About 9%; If Trump Wins, SOL, BTC And Ethereum May Rise By About 5%. In The Event That Trump May Win, BTC And ETH May Gain More Than SOL, Because Spot ETFs Linked To Bitcoin And Ethereum Are Already Trading In The United States And Have Attracted Billions Of Dollars In Investor Funds This Year. The United States Will Vote In A Few Hours To Elect A New President. According To The Latest Reports, The Presidential Race Is Tight, With Democrat Harris And Trump, Who Is Said To Be Crypto-friendly, Tied In Several Swing States. According To Thielen, Another Reason To Short SOL Is That Daily Transaction Fees On The Solana Network Have Dropped To $2.5 Million, Compared To An All-time High Of $5 Million On October 24, According To Data From Artemis And TokenTerminal. Historically, Similar Drops In Fees Have Put Pressure On Token Prices
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