Hong Kong, China: Stocks dive at open on trade war fears
[HONG KONG] Hong Kong and mainland Chinese stocks plunged at open Friday on growing fears of a global trade war after Donald Trump imposed billions of dollars of tariffs on Chinese imports and Beijing drew up a list of retaliatory measures.
The Hang Seng Index plunged 3.67 per cent, or 1,140.82 points, to 29,930.23, while the benchmark Shanghai Composite Index fell 2.78 per cent, or 90.71 points, to 3,172.77 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3.09 per cent, or 57.22 points, to 1,792.38.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions