Market Talk – April 8, 2025
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 1,876.00 points or 6.03% to 33,012.58 • Shanghai increased 48.97 points or 1.58% to 3,145.55 [...]
HSBC is altering its oversight of safe-deposit boxes in Hong Kong. Governments are targeting safe-deposit boxes to look for cash that is hiding from taxation. HSBC, a U.K. bank, is now moving against claimed financial crimes by altering conditions for safe-deposit boxes. This is becoming a global trend. Anything of value that is stored in a safe-deposit box is now considered money laundering. Governments want their taxes and all the laws are changing to ensure they get their money.