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Remarks of Officials
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Central Bank
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
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Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
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Risk Warning on Trading HK Stocks
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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【A Fire Broke Out In The National Assembly Building In South Korea, Forcing The Evacuation Of Over 480 People.】South Korean Authorities Said On Saturday That A Fire Occurred In A Hall Of The National Assembly Building Located In Western Seoul, Forcing Nearly 500 People To Evacuate. Fire Officials Stated That At 11:52 Am Local Time, A Fire Broke Out In The Reception Hall Of The National Assembly Building, Which Includes A Press Room And Wedding Hall, Leading To The Emergency Evacuation Of Over 480 People, Including Journalists And Wedding Guests. Six Individuals Received Treatment For Smoke Inhalation, But No Serious Injuries Were Reported. Around 1 PM Local Time, The Fire Was Completely Contained, And An Investigation Into The Cause Of The Incident Is Currently Underway
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