BCN-11 Chinese, Hong Kong stocks dive on Trump tariffs threat

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BCN-11

STOCKS-CHINA-HONGKONG-TRUMP

Chinese, Hong Kong stocks dive on Trump tariffs threat

SHANGHAI, May 6, 2019 (BSS/AFP) – China’s key stock indices plunged more
five percent on Monday after US President Donald Trump threatened to hike
tariffs on Chinese imports.

The benchmark Shanghai Composite Index fell 5.10 percent, or 157.05
points, to 2,921.29 in the morning session, while the Shenzhen Composite
Index, which tracks stocks on China’s second exchange, sank 5.56 percent, or
91.01 points, to 1,545.58.

In Hong Kong the Hang Seng Index plunged 3.43 percent, or 1,031.00 points,
to 29,050.55.

BSS/AFP/HR/0955