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Hong Kong Stamp Duty Hike Crashes Luxury Sales — HSBC Leads 5 US Stocks at Risk
Hong Kong's stamp duty hike on luxury properties has caused ultra-luxury sales to plunge, exposing US-listed HSBC, PUK, EWBC, CWK, and TROO to downside via CRE lending, insurance, services, and fintech. Ranked by risk: HSBC tops due to $6B+ HK exposures. Trim these names amid market cooldown.