The Hong Kong stock market opened sharply lower at the start of this week after escalating trade tensions between the United States and China once again shook investor sentiment. The Hang Seng Index fell 656 points, or 2.49%, to 25,634, extending its decline for the sixth consecutive day. Selling pressure spread across sectors, with the Hang Seng Tech Index and the Hang Seng China Enterprises Index also falling more than 2%. This massive sell-off was triggered by US President Donald Trump's threat to impose 100% tariffs on Chinese imports starting next month. Fears of a full-blown trade war...
European stocks started the week in positive territory, with the STOXX 50 rising 0.9% and the STOXX 600 adding 0.6%, as traders geared up for the upcoming earnings season and largely brushed off trade tensions between the US and China. Following Friday's threat by Washington to raise tariffs on China in response to Beijing's rare earth export controls, US President Trump said on Sunday that the "China situation will all be fine." Meanwhile, ASML and LVMH are among the major companies scheduled to release quarterly results this week. On the political front, French President Macron announced...
The Hang Seng dipped 401 points or 1.5% to end at 25,889 on Monday, marking a sixth session of losses as all sectors weighed on the index. Sentiment weakened further after President Trump announced Friday 100% tariffs on Chinese exports and new export controls on critical software starting Nov. 1, in retaliation for Beijing's rare earth curbs. Traders shrugged off his later remarks that "trade relations with China will be fine." Markets hit a one-month low, tracking a pullback from decade highs in mainland stocks. Losses were partly offset by stronger-than-expected Chinese trade data...