ZCZC
BCN-22
STOCKS-MARKET-HONGKONG-CHINA-CLOSE
Hong Kong, Shanghai stocks dive on US tariffs threat
HONG KONG, July 11, 2018 (BSS/AFP) – Hong Kong and Shanghai stocks sank on
Wednesday as investors were rattled by a US threat to impose tariffs on
another $200 billion of Chinese goods, escalating a trade war between the
economic giants.
The Hang Seng Index fell 1.29 percent, or 370.56 points, to 28,311.69.
The benchmark Shanghai Composite Index fell 1.76 percent, or 49.86 points,
to 2,777.77 and the Shenzhen Composite Index, which tracks stocks on China’s
second exchange, dropped 1.96 percent, or 31.16 points, to 1,554.62.
BSS/AFP/HR/1415