Hong Kong is made up of a plethora of local markets full of trinkets and treasures alike, between street stalls and hawker stands; you can negotiate to your heart's content. In fact, you must. Save your HKD for high-end shopping, because they won’t let you bargain there.
The Ladies Market, Tung Choi Street, Mong Kok, is one of the more famous markets where you can find stands for clothing, accessories, cell phone covers, and the famous purse counterfeits. It's a good place to soak in the crowds and hustle and bustle of the Hong Kong atmosphere, haggle with local shopkeepers, and buy some HK-style keepsakes.
Goldfish market sits just a few blocks over from the Ladies Market on Tung Choi Street. It's the goldfish market where you can find the life aquatic—in terms of underwater pets ranging from fishes to turtles, and aquariums, feed, and even corals.
Temple Street Market on Temple Street, Mong Kok, is a night market selling a range of items from travel souvenirs to small electronic items. When night falls, the streets surrounding the market are transformed at night into one big open-air marketplace, with street food sellers, hawkers selling all kinds of doodads, entertainers of all sorts piecing the airwaves with their Chinese opera and a row of fortune tellers ready to read you your fate.