Asian stocks dive as US threatens fresh tariffs
MG News | July 11, 2018 at 08:58 AM GMT+05:00
Hong Kong stocks plunged more than two percent on opening Wednesday after the US threatened tariffs on another $200 billion of Chinese imports, ramping up a potentially damaging trade war.
The Hang Seng Index dived 2.09 percent, or 600.37 points, to 28,081.88.
The benchmark Shanghai Composite Index dropped 1.66 percent, or 46.93 points, to 2,780.70 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.74 percent, or 27.57 points, to 1,558.21.
(AFP/APP)
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