China-U.S. Tariff Tensions Sink Hong Kong Stocks
Hong Kong-listed Chinese stocks fell close to a one-month low amid renewed U.S.-China tariff tensions. Accusations from President Trump and a response from China's Commerce Ministry have stirred market reactions. The Hang Seng indices experienced declines, with sectors including technology and property significantly affected.
Chinese stocks listed in Hong Kong fell to nearly a one-month low as renewed trade tensions between the United States and China weighed on market sentiment.
The downturn follows President Donald Trump's recent accusations against Beijing, which were swiftly countered by China's Commerce Ministry, labeling his claims as 'groundless' and vowing to defend China's interests.
Consequently, major indices slipped with the Hang Seng China Enterprises Index dropping 0.9% to a low not seen since May 6. Various sectors, including technology and property, recorded losses, with New World Development and major carmakers among the biggest losers.
(With inputs from agencies.)
Advertisement
ALSO READ
Trump Withdraws NASA Nominee Jared Isaacman Amidst Controversies
Trump's Energy Focus: Alaska's Oil and Gas Dilemma
Trump's Fiery Fallout with Leonard Leo Over Judiciary Setbacks
Trump and Xi Poised for Crucial Trade Talks Amid U.S.-China Mineral Dispute
Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts
Google News