Equities in Hong Kong slumped 321 points or 1.4% to 23,888 on Monday morning, extending losses from the prior period amid widespread sector declines.
Traders reacted to fresh data from China over the weekend, which showed that consumer prices fell the most in 13 months in February, while producer deflation persisted for the 29th consecutive month despite a slower fall.
Meanwhile, US futures plummeted, as tariffs on key trading partners, an uptick in jobless rates, and federal workforce job cuts fueled concerns about a potential slowdown in US GDP growth, following months of outperformance compared to China and Europe.
Source: Trading Economics
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