Global Market: Prudential shares tumble as China offshore insurance tax report rattles investors
· economictimes.indiatimes.com
Shares of Prudential plunged after reports that Chinese tax authorities had begun collecting personal income tax on returns from offshore insurance policies, stoking concerns over tighter regulatory oversight of cross-border investments. The development also weighed on other Hong Kong-focused financial stocks amid fears of weaker demand from mainland Chinese customers.
Live Events
as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now!
(You can now subscribe to our
(You can now subscribe to...