Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Asian stocks dive as US threatens fresh tariffs

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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)

Posted on: 2018-07-11T08:58:00+05:00

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