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Hong Kong: Stocks sink on new trade frictions
[HONG KONG] Hong Kong shares tumbled on Monday after the US imposed fresh tariffs on US$200 billion of Chinese imports and Beijing cancelled planned talks between the two sides.
The Hang Seng Index fell 1.62 per cent, or 454.19 points, to close at 27,499.39.
Mainland Chinese markets were closed for a public holiday.