USDX
99.520

0.45%

XAUUSD
3976.90

0.05%

WTI
59.358

0.16%

EURUSD
1.15414

0.04%

GBPUSD
1.31257

0.09%

USDJPY
152.994

0.04%

USNDAQ100
25230.10

1.60%

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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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      Trump Gets New Review Of New York Criminal Hush Money Case

      Devin
      Political
      Summary:

      A federal appeals court on Thursday saidDonald Trumpdeserves another chance to show his New York state hush money criminal case belonged in federal court, providing a fresh opportunity for the U.S. president to try to erase his conviction.

      A federal appeals court on Thursday saidDonald Trumpdeserves another chance to show his New York state hush money criminal case belonged in federal court, providing a fresh opportunity for the U.S. president to try to erase his conviction.

      Trump has argued that presidents are immune from prosecution over their official acts.

      The 2nd U.S. Circuit Court of Appeals in Manhattan said a federal district judge should have more closely reviewed whether a 2024 Supreme Court decision on presidential immunity meant some evidence at Trump's criminal trial should have been excluded.

      A Manhattan jury found Trump guilty in May 2024 on 34 charges of falsifying business records.

      Manhattan District Attorney Alvin Bragg accused Trump of trying to influence the 2016 presidential election by covering up $130,000 of hush money payments to porn star Stormy Daniels, who claimed to have had a sexual encounter with Trump.

      Prosecutors said the payments amounted to an excessive, undisclosed contribution to Trump's campaign.

      Trump denied Daniels' claim, and defeated Democrat Hillary Clinton in the election.

      The judge who oversaw the trial upheld the conviction but spared Trump jail and a fine, an unusually lenient sentence he said would help ensure finality.

      Trump was sentenced shortly before his January 20 inauguration for a second White House term.

      TRUMP ASSERTS PRESIDENTIAL IMMUNITY

      In seeking to move the case to federal court, Trump said the Supreme Court's finding that presidents have broad immunity from prosecution over official acts shielded him from prosecution because jurors heard evidence from his first White House term.

      This included when he met with White House communications director Hope Hicks in the Oval Office in 2018, soon after news about the hush money payment became public, to discuss what he should tell the press.

      U.S. District Judge Alvin Hellerstein in Manhattan rejected Trump's bid to move the case in September 2024, saying the case belonged in state court because it addressed Trump's private behavior.

      Trump's lawyer Jeffrey Wall told the 2nd Circuit in June that the criminal case fundamentally concerned federal campaign finance law, and prosecutors' emphasis on Hicks' testimony showed that Trump's official acts were central to their case.

      Steven Wu, a lawyer for Bragg's office, countered that Trump's White House discussions about "unofficial behavior" did not "transform those private conversations about private behavior into evidence of official acts."

      Source: TradingView

      Risk Warnings and Investment Disclaimers
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