Hong Kong Stock Market Movement | It is reported that a 20% personal income tax will be levied on Hong Kong insurance policy yields. AIA Group (01299.HK) fell more than 8%, and Prudential (02378.HK) dropped over 5%.
According to the Smart Financial App, Hong Kong insurance stocks are under pressure, with AIA (01299.HK) down 7.85% at HKD 71.65; Prudential (02378) down 5.36% at HKD 107.6.
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