Reported about 8 hours ago
Chinese equities in Hong Kong experienced a drop following the announcement of a 10% tariff imposed by US President Donald Trump on China. The Hang Seng China Enterprises Index fell as much as 2.5% before trimming losses to 1% after the Lunar New Year holiday. This decline aligns with broader regional market trends, compounded by ongoing weak consumption and a prolonged real estate slump in China. Investors are awaiting upcoming stimulus measures amid concerns over further economic pressure from the new tariffs.
Source: YAHOO