Hong Kong stocks end 13.22% down, worst since 1997 Asian financial crisis
Shares in Hong Kong plummeted more than 13 per cent Monday (Apr 7) on their worst day in almost three decades as China’s retaliation against Donald Trump’s tariffs ramped up a trade war and fuelled recession fears.
The Hang Seng Index ended down 13.22 per cent, or 3,021.51 points, to 19,828.30 – its heftiest drop since 1997 during the Asian financial crisis – while the Shanghai Composite Index shed 7.34 per cent, or 245.43 points, to 3,096.58. AFP
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