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 panicked investors, especially in the technology and financial sectors. Shares of giants like Tencent fell 3.3%, Alibaba 3.8%, and Meituan 3.1%. Meanwhile, HSBC and AIA Group each fell more than 3%, indicating intense pressure across the market. (az)
Source: Newsmaker.id
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